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Envoy Medical Secures $10M In Financing From Its Largest Existing Shareholder, Billionaire Entrepreneur Glen Taylor

Benzinga·03/12/2025 10:11:19
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The funds will be used to maintain the company's velocity through its fully implanted Acclaim cochlear implant pivotal clinical trial and support other operations.

The $10 million lending facility has a five-year term, is unsecured, does not have a conversion feature, and defers interest for the first two years.