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Earlens enters $45mm debt facility with CRG

Executive Summary

Earlens Corp. Inc. (hearing aids) entered into a $45mm structured debt facility with existing investor CRG LP. (CRG also took part in the company's Series C round, which began in 2016 and closed at $73mm concurrent with the debt agreement). Proceeds from both transactions will support commercialization of the Earlens light-driven hearing aid, including manufacturing and R&D activities related to the development of a next-generation device.
Deal Industry
  • Medical Devices
Deal Status
  • Final
Deal Type
  • Financing
    • Nonconvertible Debt
    • Private Placement

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