The company has more than 6,636 trades and 2 million plus in volume before the open. The stock is being lightly accumulated at .86
Eargo completes $100M senior secured convertible notes issuance
- Medical device company Eargo (NASDAQ:EAR) completed the issuance of $100M senior secured convertible notes to Patient Square Capital on Jun. 28.
- ~$16.3M of the net proceeds was used to repay all existing third-party indebtedness and related pay-off expenses.
- The remaining proceeds are intended to be used for working capital purposes and to fund general business requirements.