debt
confidence high
sentiment positive
materiality 0.80
ClearPoint Neuro secures up to $110M from Oberland Capital with $33.5M funded at closing
ClearPoint Neuro, Inc.
- Enters note agreement for up to $105M; $30M funded at closing, up to $25M optional second tranche, up to $50M third tranche.
- Issues 275,808 shares at $12.69 in registered direct offering for $3.5M gross proceeds.
- Notes bear interest at Term SOFR + 3.95% (min 8.25%, cap 9.50%); first six quarters 50% PIK interest.
- Proceeds for general corporate purposes; no financial covenants; secured by substantially all assets including IP.