CEO to retire

Minerva Surgical

29/12/2022 12:46

** Shares of Minerva Surgical Inc  UTRS.O  fall 16.7% to 23
cents in premarket trading 
    ** The women's health focused med-tech co late on Thursday
said Chief Executive David Clapper has decided to retire 
    ** Clapper, who was CEO since 2011, will remain as a
consultant for a year after his retirement
    ** Names Todd Usen as successor, effective Jan. 2; Usen was
earlier CEO of Activ Surgical, a digital surgery co 
    ** Separately, Minerva announced a $30-mln private placement
of common stock, led by Accelmed Partners; Accelmed will now
become the controlling stockholder of UTRS
    ** YTD stock down 94.8%, as of last close 
 (Reporting by Pratik Jain in Bengaluru)
 ((Pratik.Jain@thomsonreuters.com;))