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News  ›  GlobeNewswire Inc.

Profound Medical Corp. Closes $36 Million Registered Direct Offering; Expects to Complete Subsequent Private Placement On or Before December 30th

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Na
Profound Medical Corp. Closes $36 Million Registered Direct Offering; Expects to Complete Subsequent Private Placement On or Before December 30th

Profound Medical Corp. successfully closed a $36 million registered direct offering of 5.14 million common shares at $7.00 per share. The company plans to use net proceeds for sales and marketing expansion, working capital, R&D, and strategic transactions. An additional $4 million private placement with Canadian purchasers is expected to close by December 30, 2025.

Insights
PROF   positive

The company successfully closed a substantial $36 million capital raise with strong investor participation from healthcare-dedicated investors and existing shareholders. The financing demonstrates market confidence in the company's business model and provides significant resources for growth initiatives including sales expansion, R&D, and strategic opportunities. The straightforward equity structure without warrant dilution also reflects favorable investor terms.