Brief: Asensus Surgical Inc Announces Non-Binding Acquisition Proposal And Exclusivity Arrangement With KARL STORZ SE & Co. KG
03/04/2024 15:00
April 3 (Reuters) - Asensus Surgical Inc ASXC.A :
* ASENSUS SURGICAL, INC. ANNOUNCES NON-BINDING ACQUISITION
PROPOSAL AND EXCLUSIVITY ARRANGEMENT WITH KARL STORZ SE & CO. KG
* ASENSUS SURGICAL INC: KARL STORZ' PROPOSAL TO ACQUIRE 100%
OF
ISSUED & OUTSTANDING SHARES OF CO'S' COMMON STOCK FOR $0.35 PER
SHARE IN CASH
* ASENSUS SURGICAL - BRIDGE LOAN AGREEMENT WITH KARL STORZ
* ASENSUS SURGICAL INC - BRIDGE LOAN WILL ENABLE ASENSUS TO
RECEIVE A LOAN OF UP TO $20 MILLION FROM KARL STORZ
* ASENSUS SURGICAL INC: IF MERGER AGREEMENT IS SUCCESSFULLY
NEGOTIATED & EXECUTED, ADDITIONAL FUNDING OF UP TO $10 MILLION
TO BE AVAILABLE UNDER BRIDGE LOAN
Source text for Eikon: ID:nGNX2qd7nl
Further company coverage: ASXC.A
((Reuters.Briefs@thomsonreuters.com;))
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