Acutus Medical, Inc. (Acutus or the Company) (Nasdaq: AFIB), today announced a realignment of resources and corporate restructuring.
Scott Huennekens, Chairman of Acutus, commented, Following an extensive strategic review by the Companys Board of Directors, we are taking the hard but necessary steps to streamline our operations. In light of the current financing environment and the capital investments required to achieve leadership in the electrophysiology (EP) market, we have concluded that the optimal use of the Companys resources is to reallocate capital from our mapping and ablation business to the manufacturing of left-heart access products for Medtronic, which we believe will maximize the potential for future earnouts and cash flo…
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