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Procaps Group ( (PROC) ) has provided an update.
Procaps Group has appointed Daniel Bernal as Interim Chief Financial Officer to oversee their financial reporting and restatement process. Mr. Bernal, who is a Managing Partner at Moore Colombia, brings over 29 years of experience in professional services and auditing. Additionally, Procaps Group has secured $40 million in funding through a Convertible Note Subscription Agreement with Hoche Partners Pharma Holdings S.A., with the final $20 million installment issued on December 27, 2024. The funding is expected to support the company’s financial operations until mid-2025, with notes bearing an annual interest rate of 8.50%.
More about Procaps Group
YTD Price Performance: -43.98%
Average Trading Volume: 102,721
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $257.2M
See more data about PROC stock on TipRanks’ Stock Analysis page.
