Saturday July 11, 2020

Mainstay Medical extends deadline to raise €9 million funding

The company, which is backed by the Irish Strategic Investment Fund, had set an end-June date to secure the investment, which was required before it could draw down additional loans

Ian Guider

Markets Editor

@ianguider
30th June, 2019
Jason Hannon of Mainstay Medical

Mainstay Medical is still talking to potential investors about a $10 million (€9 million) fundraising after missing a deadline to raise new equity.

The company, which is backed by the Irish Strategic Investment Fund, had set an end-June date to secure the investment, which was required before it could draw down additional loans.

Mainstay said last week that it had extended the deadline until the end of July to receive the latest €3 million loan tranche...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures

Tom Maguire | 2 months ago

What’s coming up today and what you might have missed

Hannah O’Brien | 6 months ago