Profound Medical Corp Upsizes Private Placement to $6.45M to Fund Sales, R&D Expansion

MT Newswires Live2025-12-26

Profound Medical Corp (PROF) on Wednesday said it had increased the size of its previously announced private placement to raise $6.45 million.

The medical technology firm plans to issue up to 921,428 common shares at a price of $7 per share. The offering was first announced on Dec. 19. Closing is expected on or before Dec. 30. The increase was made to accommodate participation from a long-term existing investor, the company said.

Shares issued under the offering will be subject to a hold period of four months plus one day.

Profound intends to use the net proceeds to expand sales and marketing operations. Funds will also support working capital needs, research and development, strategic transactions and general corporate purposes.

The company said no securities will be sold to U.S. purchasers.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2594629806?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-26 18:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2594629806","market":"us","top_or_hot":-1,"title":"Profound Medical Corp Upsizes Private Placement to $6.45M to Fund Sales, R&D Expansion","media":"MT Newswires Live","content":"<html><body><p> Profound Medical Corp (PROF) on Wednesday said it had increased the size of its previously announced private placement to raise $6.45 million.</p><p>The medical technology firm plans to issue up to 921,428 common shares at a price of $7 per share. The offering was first announced on Dec. 19. Closing is expected on or before Dec. 30. The increase was made to accommodate participation from a long-term existing investor, the company said.</p><p>Shares issued under the offering will be subject to a hold period of four months plus one day.</p><p>Profound intends to use the net proceeds to expand sales and marketing operations. Funds will also support working capital needs, research and development, strategic transactions and general corporate purposes.</p><p>The company said no securities will be sold to U.S. purchasers.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Profound Medical Corp Upsizes Private Placement to $6.45M to Fund Sales, R&D Expansion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nProfound Medical Corp Upsizes Private Placement to $6.45M to Fund Sales, R&D Expansion\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-12-26 18:26</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Profound Medical Corp (PROF) on Wednesday said it had increased the size of its previously announced private placement to raise $6.45 million.</p><p>The medical technology firm plans to issue up to 921,428 common shares at a price of $7 per share. The offering was first announced on Dec. 19. Closing is expected on or before Dec. 30. The increase was made to accommodate participation from a long-term existing investor, the company said.</p><p>Shares issued under the offering will be subject to a hold period of four months plus one day.</p><p>Profound intends to use the net proceeds to expand sales and marketing operations. Funds will also support working capital needs, research and development, strategic transactions and general corporate purposes.</p><p>The company said no securities will be sold to U.S. purchasers.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PROF","symbol_name":"Profound Medical Corp.","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2594629806","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2594629806","pubTimestamp":1766744787,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Profound Medical Corp  on Wednesday said it had increased the size of its previously announced private placement to raise $6.45 million.The medical technology firm plans to issue up to 921,428 common shares at a price of $7 per share. The offering was first announced on Dec. 19. Closing is expected on or before Dec. 30. The increase was made to accommodate participation from a long-term existing investor, the company said.Shares issued under the offering will be subject to a hold period of four months plus one day.Profound intends to use the net proceeds to expand sales and marketing operations. Funds will also support working capital needs, research and development, strategic transactions and general corporate purposes.The company said no securities will be sold to U.S. purchasers.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PROF":"Profound Medical Corp.","BK4082":"医疗保健设备"},"translate_title":"Profound Medical Corp将私募规模扩大至645万美元，为销售和研发扩张提供资金","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PROF":1},"content_text":"Profound Medical Corp (PROF) on Wednesday said it had increased the size of its previously announced private placement to raise $6.45 million.The medical technology firm plans to issue up to 921,428 common shares at a price of $7 per share. The offering was first announced on Dec. 19. Closing is expected on or before Dec. 30. The increase was made to accommodate participation from a long-term existing investor, the company said.Shares issued under the offering will be subject to a hold period of four months plus one day.Profound intends to use the net proceeds to expand sales and marketing operations. Funds will also support working capital needs, research and development, strategic transactions and general corporate purposes.The company said no securities will be sold to U.S. purchasers.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2594629806","isCrawlerRequest":true}