Neuros Medical is raising $42.8 million

In an SEC filing, Neuros Medical Inc. of Willoughby Hills said it has raised $37 million of a planned $42.8 million stock offering.

The company, which is developing a patented therapy for the treatment of chronic, post-amputation pain with a high frequency electrical signal, said in the filing that it is not being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer. It offered no other explanation for the offering.

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Story excerpt provided by Crain’s Cleveland Business.

Written by Jay Miller.

Originally published November 11, 2020.