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Second System to be Utilized by one of the Largest Private Hospital Systems in Japan RESEARCH TRIANGLE PARK, N.C., April 29, 2024 (GLOBE NEWSWIRE) --...

Asensus Surgical Inc. grabbed a $10 million lifeline from prospective suitor Karl Storz SE & Co. KG, which has offered to buy the cash-strapped company for 35 cents per share or about $96 million. Asensus signed a non-binding letter of intent to consider and negotiate terms after “an extensive period of consideration of various strategic alternatives.” Under certain circumstances, it could access a further $10 million from Storz prior to a merger. Asensus reported in March that its cash runway would tap out in early July.

-- Asensus Surgical shares jumped more than 28% in recent trading after the company said Wednesday that it has entered into a non-binding letter of intent with medical technology company KARL STORZ...

KARL STORZ SE & Co. KG entered into an agreement to acquire Asensus Surgical, Inc. for $100 million on March 28, 2024. As part of consideration, KARL STORZ SE & Co. will pay $0.35 in cash for each...

Asensus Surgical, Inc. announced that it has entered into a secured promissory note with new lender, KARL STORZ SE & Co. KG for gross proceeds of $20,000,000 on April 3, 2024. The Note bears interest...