Envoy Medical Secures Lending Facility of $10M
Envoy Medical, Inc. - Class A (COCH)
Company Research
Source: GlobeNewswire
Glen Taylor, Committed Investor and Believer in Envoy Medical’s Mission to Help People with Significant Hearing Loss, Provides Significant Additional Funding as the Company Eyes Important Milestones and Seeks to Grow Hearing Implant Market with Breakthrough Device WHITE BEAR LAKE, Minnesota, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Envoy Medical®, Inc. (“Envoy Medical”) (NASDAQ: “COCH”), a revolutionary hearing health company focused on fully implanted hearing devices, today announces entry into an additional lending facility with long-time investor, majority shareholder, and billionaire entrepreneur Glen Taylor. The financing allows the Company to draw up to $10 million, of which the Company drew $5 million on the facility at its origination. “We believe that Envoy Medical is on the cusp of something great that will forever change the hearing implant landscape,” said Envoy Medical CEO Brent Lucas. “This new funding from Glen Taylor allows us to remain focused on building and grow
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News
- Envoy Medical Receives Additional Patent Protection for its Innovative Approach to Hearing Loss [Yahoo! Finance]Yahoo! Finance
- Envoy Medical Receives Additional Patent Protection for its Innovative Approach to Hearing LossGlobeNewswire
- Envoy Medical, Inc. (NASDAQ: COCH) had its price target raised by analysts at Ascendiant Capital Markets from $8.75 to $9.00. They now have a "buy" rating on the stock.MarketBeat
COCH
Analyst Actions
- 12/6/24 - Ascendiant Capital
COCH
Sec Filings
- 2/6/25 - Form SCHEDULE
- 1/21/25 - Form 424B5
- 1/21/25 - Form 8-K
- COCH's page on the SEC website