Eargo, Inc. Welcomes Patient Square Capital As New Majority Owner Following Rights Offering

November 29, 2022

https://www.globenewswire.com/news-release/2022/11/29/2564506/0/en/Eargo-Inc-Welcomes-Patient-Square-Capital-As-New-Majority-Owner-Following-Rights-Offering.html

SAN JOSE, Calif., Nov. 29, 2022 (GLOBE NEWSWIRE) — Eargo, Inc. (Nasdaq:EAR) (“Eargo” or “the Company”), a medical device company on a mission to improve the quality of life of people with hearing loss, is pleased to announce today that Patient Square Capital (“Patient Square”) has become the majority equity owner of the Company. Patient Square’s equity ownership of Eargo resulted from the conversion of Patient Square’s senior secured convertible notes per its previously announced investment in June 2022 and following the recent closing of Eargo’s successful rights offering of common stock.

Read more at globenewswire.com

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