Nyxoah (NYXH) said late Wednesday it has received $15 million from the second tranche of its loan facility with the European Investment Bank after meeting the predefined criteria.

The non-dilutive funding adds to its June equity raise, bringing total capital raised to $110 million, it said, adding that funds raised from EIB will largely be used for Genio launch in the US.

Shares were down over 3% in after-hours trading.