Profound Medical announces common share offering, no amount given

Profound Medical (PROF) announced that it intends to offer and sell common shares in an underwritten public offering. All of the securities in the offering are being offered by Profound. The offering is expected to be completed pursuant to an underwriting agreement to be entered into between the company and Raymond James Ltd. and Lake Street Capital Markets as co-lead underwriters and joint bookrunners, and a third underwriter. The offering is expected to take place in each of the provinces and territories of Canada, except the province of Quebec, and in the United States. The offering is expected to close on or about December 10, subject to customary closing conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange.