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Asensus weighs $96M Storz offer, takes $20M bridge loan

Asensus Surgical Inc. grabbed a $10 million lifeline from prospective suitor Karl Storz SE & Co. KG, which has offered to buy the cash-strapped company for 35 cents per share or about $96 million. Asensus signed a non-binding letter of intent to consider and negotiate terms after “an extensive period of consideration of various strategic alternatives.” Under certain circumstances, it could access a further $10 million from Storz prior to a merger. Asensus reported in March that its cash runway would tap out in early July.

KARL STORZ SE & Co KG entered into an agreement to acquire Asensus Surgical, Inc for $100 million

KARL STORZ SE & Co. KG entered into an agreement to acquire Asensus Surgical, Inc. for $100 million on March 28, 2024. As part of consideration, KARL STORZ SE & Co. will pay $0.35 in cash for each.

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