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Picard Medical, Inc. ( (PMI) ) has issued an update.
On November 26, 2025, Picard Medical, Inc. secured a $1,000,000 short-term bridge financing through an unsecured promissory note with Fang Family Fund, LLC, an affiliate of the company’s Chairman, Mr. Richard Fang. The funds are intended for general corporate purposes, including working capital and operating expenses. The transaction was approved by the disinterested members of the Audit Committee and Board, with terms deemed fair and comparable to those with unaffiliated third parties. The company plans to repay the note by November 27, 2026, using cash from operations or future financing.
More about Picard Medical, Inc.
Average Trading Volume: 2,294,852
Learn more about PMI stock on TipRanks’ Stock Analysis page.