ASXC - Asensus Surgical files for $150 mixed shelf offering

Asensus Surgical (NYSE:ASXC) has filed for a $150M mixed shelf offering. The filing does not necessarily indicate that a sale has begun, or will occur in the future. The company intends to use the proceeds for working capital and general corporate purposes, including R&D, commercialization, and regulatory clearance activities for its products. The offering can include common stock, preferred stock, units, and warrants. Read why Seeking Alpha contributor Cappuccino Finance considers Asensus (ASXC) a hold.

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Asensus Surgical files for $150 mixed shelf offering