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Stock impact report

STRATA Skin Sciences Announces Successful Amendment to Credit Agreement with MidCap Financial [Yahoo! Finance]

Strata Skin Sciences, Inc. (SSKN) 
Last strata skin sciences, inc. earnings: 3/17 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: melasciences.com/investors/home
Company Research Source: Yahoo! Finance
HORSHAM, Pa., Feb. 26, 2024 (GLOBE NEWSWIRE) -- STRATA Skin Sciences, Inc. (NASDAQ: SSKN) (“STRATA” or “the Company”), a medical technology company dedicated to developing, commercializing and marketing innovative products for the treatment of dermatologic conditions, today announced the successful amendment of its credit and security agreement with MidCap Financial Trust (“MidCap”) effective February 20, 2024. This amendment, recognized as Amendment No. 4 (“Amendment”), removes the minimum revenue requirements for 2023 and introduces future financial covenants. The Amendment ensures alignment with the Company's current and future business projections by supporting operational and capital needs. Dolev Rafaeli, STRATA's Vice Chairman and Chief Executive Officer, remarked, “This amendment signifies the strength of our partnership with MidCap Financial Trust and our lenders. Their support enables us to continue advancing our mission to deliver innovative dermatological solutions to Show less Read more
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