Acutus jumps after selling some heart devices to Medtronic

Acutus Medical

27/04/2022 12:22

** Medical device maker's shares  AFIB.O  up 47.2% at $1.16,
among top gainers across U.S. exchanges before the bell 
    ** AFIB says Medtronic  MDT.N  will pay co $50 mln in cash
for some heart devices
    ** Says it has also signed a commitment letter to refinance
its existing debt facility
    ** AFIB says both the sale and debt refinancing will help it
focus on driving up demand for its electrophysiology mapping and
therapy devices 
    ** Co announced a restructuring in January this year after
shares fell ~88% in 2021 
    ** AFIB shares have lost nearly 3/4 of their value YTD 

 (Reporting by Manas Mishra)
 ((Manas.Mishra@thomsonreuters.com;
www.twitter.com/Manaswrites15))