earnings
confidence high
sentiment positive
materiality 0.75
TriSalus announces $22M private placement, Q1 revenue up 42% to $9.2M
TriSalus Life Sciences, Inc.
2025-Q1 EPS reported
-$0.39
revenue$9,167,000
- Private placement of 5.5M shares at $4.00/share raises ~$22M gross; led by Nantahala Capital, Broadfin Holdings. Expected close May 2, 2025.
- Preliminary Q1 2025 revenue ~$9.2M (solely from TriNav Infusion System), +42% YoY.
- Exchange offer for Series A Preferred Stock: each share exchanged for common at formula based on $10.00 liquidation preference plus accrued dividends through Aug 2027 divided by $4.00.
- Special meeting to vote on amendment allowing company to call Preferred Stock for conversion and eliminate July 2027 conversion price reset.