Brief: Hyperfine Says On Dec 6, 2022, Co Committed To Organizational Restructuring Designed To Decrease Costs, Create Streamlined Organization To Support Business

Hyperfine

12/12/2022 21:37

Dec 12 (Reuters) - Hyperfine Inc  HYPR.O :
    * HYPERFINE-ON DEC 6, 2022,CO COMMITTED TO ORGANIZATIONAL
RESTRUCTURING DESIGNED TO DECREASE COSTS, CREATE STREAMLINED
ORGANIZATION TO SUPPORT BUSINESS
    * HYPERFINE INC - COMPANY HAS TERMINATED APPROXIMATELY 13%
OF ITS
GLOBAL WORKFORCE
    * HYPERFINE-IN CONNECTION WITH RESTRUCTURING, COMPANY
CURRENTLY
ESTIMATES IT WILL INCUR UP TO $1.7 MILLION OF COSTS
    * HYPERFINE INC - COMPANY EXPECTS TO SUBSTANTIALLY COMPLETE
RESTRUCTURING IN Q4 OF 2022 AND Q1 OF 2023
    * HYPERFINE-MAY INCUR ADDITIONAL COSTS NOT CURRENTLY
CONTEMPLATED
DUE TO EVENTS THAT MAY OCCUR AS RESULT OF, OR THAT ARE
ASSOCIATED WITH, RESTRUCTURING

Further company coverage:  HYPR.O 
 ((Reuters.Briefs@thomsonreuters.com;))