Asensus Surgical files for $150M mixed shelf offering

Mar. 18, 2022 5:11 PM ETAsensus Surgical, Inc. (ASXC)By: Jonathan Block, SA News Editor8 Comments

Close up of a company seal on old stock certificate

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  • Asensus Surgical (NYSE:ASXC) has filed for a $150M mixed shelf offering.
  • The filing does not necessarily indicate that a sale has begun, or will occur in the future.
  • The company intends to use the proceeds for working capital and general corporate purposes, including R&D, commercialization, and regulatory clearance activities for its products.
  • The offering can include common stock, preferred stock, units, and warrants.
  • Read why Seeking Alpha contributor Cappuccino Finance considers Asensus (ASXC) a hold.

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