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Minerva Surgical ( NASDAQ: UTRS ) said Tuesday it entered into a private placement, led by Accelmed, to sell 146,627,565 shares at $0.2046 per share, for proceeds totaling $30 million.
Shares +23% aftermarket at $0.20.
Following the offering, Accelmed will become the controlling stockholder of Minerva Surgical.
Piper Sandler is acting as sole placement agent for the private placement.