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Prosomnus Raises $10 Million To Fuel Growth And Optimize Operations

Prosomnus Raises $10 Million To Fuel Growth And Optimize Operations

09/21/23, 12:32 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgpleasanton
Money raised
$10 million
ProSomnus, Inc. (NASDAQ: OSA) (the “Company”), a leading CPAP alternative for the treatment of Obstructive Sleep Apnea (“OSA”), today announced the completion of a $10 million convertible preferred equity offering led by existing investors Spring Mountain Capital and Cetus Capital, LLC. ProSomnus’s Executive Chair, Chief Executive Officer, and Chief Financial Officer are also participating in the financing. A description of the terms of the offering can be found in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on September 21, 2023.

Company Info

Company
ProSomnus Sleep Technologies, Inc.
Location
5860 west las positas blvd., suite 25
pleasanton, california, united states
Additional Info
ProSomnus (NASDAQ: OSA) is a leading CPAP alternative for the treatment of Obstructive Sleep Apnea, a serious medical disease affecting over 1 billion people worldwide, that is associated with comorbidities including heart failure, stroke, hypertension, morbid obesity, and type 2 diabetes. ProSomnus intraoral medical devices are engineered to precisely track the treatment plan and anatomy for each patient. Non-invasive, patient preferred and easy to use, ProSomnus devices have demonstrated excellent efficacy, safety, adherence, and overall outcomes in a growing body of clinical investigations. ProSomnus precision intraoral devices are FDA-cleared, patented, and covered by commercial medical insurance, Medicare, TRICARE and many Government sponsored healthcare plans around the world, representing over 200 million covered lives. To learn more, visit www.ProSomnus.com.

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