Full Press Release Details
REGULATED INFORMATION
FEBRUARY 1, 2023, 4PM ET/ 22:00 CET
Launch of Offering of ADSs
in the United States
IRVINE, CA, and HERSTAL, BELGIUM -February
1, 2023 - MDxHealth SA (NASDAQ/Euronext: MDXH) ("mdxhealth" or the "Company"), a commercial-stage
precision diagnostics company, announced the launch of a proposed offering of $40,000,000 of American Depositary Shares ("ADSs")
(each representing 10 ordinary shares of the Company without nominal value) in a registered public offering (the "Offering").
The Company also expects to grant the underwriters a 30-day option to purchase up to 15% of the ADSs being offered. Cowen and Company,
LLC and William Blair & Company, L.L.C. are acting as joint book-running managers, BTIG, LLC is acting as a lead manager, and KBC
Securities USA LLC is acting as a co-manager for the Offering. The Offering is subject to market and other conditions, and there can be
no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering, including the price
per ADS and number of ADSs sold in the Offering.
The ADSs described above are being offered
by mdxhealth pursuant to a registration statement previously filed with and subsequently declared effective by the Securities and Exchange
Commission ("SEC"). A preliminary prospectus supplement relating to the Offering has been filed with the SEC and
is available on the SEC's website at http://www.sec.gov. This press release does not constitute an offer to sell or a solicitation
of an offer to buy securities of the Company nor shall there be any offer, solicitation or sale of these securities in any state or other
jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification or publication of an offering
prospectus under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities,
if at all, will be made in accordance with the registration requirements of the United States Securities Act of 1933 and the European
Prospectus Regulation (Regulation (EU) 2017/1129), as relevant.
Copies of the preliminary prospectus supplement,
and accompanying base prospectus relating to this offering, may be obtained from Cowen and Company, LLC, 599 Lexington Avenue, New York,
NY 10022, by email at Prospectus_ECM@cowen.com or by telephone at (833) 297-2926 and William Blair & Company, L.L.C., Attention: Prospectus
Department, 150 North Riverside Plaza, Chicago, IL 60606, or by telephone at (800) 621-0687, or by email at prospectus@williamblair.com.
Trading in the Company's ordinary shares on
the regulated marked of Euronext Brussels will be suspended pending the announcement of the pricing of the Offering.
For more information:
LifeSci Advisors (IR & PR)
IMPORTANT INFORMATION
This press release contains forward-looking
statements regarding the proposed offering and the intended use of proceeds from the offering. The offering is subject to market and other
conditions and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the
offering. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results
to differ materially, including those risks disclosed in the section "Risk Factors" included in the preliminary prospectus
supplement for the offering. The Company cautions readers not to place undue reliance on any forward-looking statements. The Company expressly
disclaims any obligation to update any such forward-looking statements in this release to reflect any change in its expectations with
regard thereto or any change in events, conditions or circumstances on which any such statement is based unless required by law or regulation.
This press release does not constitute an offer or invitation for the sale or purchase of securities or assets of mdxhealth in any jurisdiction.
No securities of mdxhealth may be offered or sold within the United States without registration under the U.S. Securities Act of 1933,
as amended, or in compliance with an exemption therefrom, and in accordance with any applicable U.S. securities laws.
No public offering will be made and
no one has taken any action that would, or is intended to, permit a public offering in any country or jurisdiction, other than the United
States, where any such action is required, including in Belgium. Belgian investors, other than qualified investors within the meaning
of Regulation (EU) 2017/1129 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated
market (the "Prospectus Regulation"), will not be eligible to participate in the Offering (whether in Belgium or elsewhere).
The transaction to which this press release relates will only be available to, and will be engaged in only with, in member states of the
European Economic Area, persons falling within the meaning of Article 2(e) of the Prospectus Regulation, and in the United Kingdom, investment
professionals falling within article 19 (5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"),
persons falling within article 49 (2), (a) to (d) of the Order and other persons to whom it may lawfully be communicated.
Subject to completion of the Offering,
a prospectus will be prepared by mdxhealth in accordance with Article 3 of the Prospectus Regulation for the purpose of having the new
shares that will be represented by ordinary shares admitted to trading on the regulated market of Euronext Brussels, unless an exemption