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Profound Medical Raises $40.25 Million in Public Offering
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Profound Medical Raises $40.25 Million in Public Offering

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Profound Medical (TSE:PRN) has released an update.

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Profound Medical Corp. has successfully closed a $40.25 million public offering of common shares, with the funds aimed at boosting the commercialization of their TULSA-PRO and Sonalleve systems. The offering saw strong interest with the full exercise of the over-allotment option, highlighting investor confidence in Profound Medical’s innovative medical device technologies.

For further insights into TSE:PRN stock, check out TipRanks’ Stock Analysis page.

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