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Stock impact report

Asensus Surgical, Inc. Reports Operating and Financial Results for the Second Quarter 2024

Asensus Surgical, Inc. (ASXC) 
Company Research Source: GlobeNewswire
RESEARCH TRIANGLE PARK, N.C., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Asensus Surgical, Inc. (NYSE American: ASXC), a global leader of innovative digital solutions for the operating room, announced its operating and financial results for the second quarter 2024. Recent Highlights Announced a definitive merger agreement (the “Merger Agreement”) with KARL STORZ Endoscopy-America, Inc. ("KARL STORZ"), a wholly owned direct subsidiary of KARL STORZ SE & Co. KG, an independent, family-owned global medical technology company. Under the Merger Agreement, KARL STORZ will acquire all of the outstanding shares of Asensus Surgical for $0.35 per share in cash (the “Merger”)Leading independent proxy advisory firms, ISS and Glass Lewis, recommend that stockholders vote FOR the merger proposalSecond quarter revenue of $2.2 millionThe Company had cash and cash equivalents, excluding restricted cash, of approximately $7.8 million at June 30, 2024 "We're at a critical juncture for our company. After tho Show less Read more
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