24/7 Market News – (NASDAQ: EAR) EARGO INC. completes transaction and shares begin to perk up this morning.

July 6, 2022

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

[mstock id=”73007″ asset=”ear”]

Eargo completes $100M senior secured convertible notes issuance

https://seekingalpha.com/news/3854384-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.

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