FocalTherics slides after $40 million share sale

Edap Tms SA

12/08/2026 18:56

** Medical technology company FocalTherics' FOCL.O shares slide 19% to $4.87
** FOCL sold 8.4 million American Depositary Shares at $4.75 per ADS to raise $40 million
** Offering priced at 21% discount to stock's last close 
** TD Cowen and Mizuho acted as joint book-running managers for offering
** FOCL, which makes medical devices to treat various conditions using ultrasound technology, had ~37.5 million outstanding ordinary shares as of March 31, 2026, per prospectus
** 3 of 5 brokerages rate the stock "buy" and two "hold"; median PT $10 - data compiled by LSEG
** As of last close, FOCL stock up 82.7% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))