ClearPoint Neuro Inc., a company specializing in navigation for brain and spine therapies, has announced a debt financing arrangement with Oberland Capital Management LLC. The arrangement involves up to $105 million in note financing, with an initial $30 million funded at closing. The company has the option to receive an additional $25 million any time before December 31, 2026. This financing is part of a structured financing partnership that includes debt, royalty, and equity elements. The offering is intended to support the company's long-term objectives, including capital expenditures, working capital, and general administrative expenses. The full prospectus supplement relating to the registered direct offering will be available on the SEC's website at www.sec.gov.
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