Eargo Inc (EAR) News

Eargo to Be Taken Private by Patient Square Capital
Mentioned: EAR

By Dean Seal

Eargo has agreed to be acquired and privatized by the investment firm Patient Square Capital for $2.55 a share.

The hearing aid company said Monday the deal represents a 52% premium over its closing share price on Friday.

Eargo's board approved the transaction after it was unanimously recommended by a special committee.

The deal is expected to close in the first quarter of 2024. Upon closing, Eargo's shares will no longer be publicly traded.

The acquisition comes less than a week after Eargo said its devices will now be sold at over 500 Best Buy locations.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

Took profits and now riding freebies.

Eargo Expands Relationship with Best Buy, Growing In-Store Presence to Over 500 Locations
SAN JOSE, Calif., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Eargo, Inc. (Nasdaq: EAR), a medical device company on a mission to improve the quality of life of people with hearing loss, today announced an expansion of its relationship with Best Buy. Eargo devices are now on display in more than 500 Best Buy stores, marking another step in Eargo’s retail journey. Approximately 250 of these Best Buy locations will carry Eargo 5–an over-the-counter, FDA-cleared and self-fitting hearing aid–allowing customers to see Eargo’s virtually invisible design and purchase in store. Additionally, customers can explore Eargo's full assortment of hearing aids on BestBuy.com. Through this expansion, Eargo continues its mission to make hearing wellness more accessible, reaching more people where they are across the country.

William Brownie, Interim Chief Executive Officer and Chief Operating Officer of Eargo, said, “Eargo has an optimistic vision for the future of hearing wellness, and our expansion with Best Buy paves the way for enhancing accessibility to cutting-edge hearing health technology for individuals nationwide. Eargo is proud to continue our commitment to improving lives through better hearing.”

About Eargo
Eargo is a medical device company on a mission to improve hearing health. Our innovative products and go-to-market approach address the major challenges of traditional hearing aid adoption, including social stigma, accessibility and cost. We believe our Eargo hearing aids are the first virtually invisible, rechargeable, completely-in-canal, FDA-regulated devices indicated to compensate for mild to moderate hearing loss. Our differentiated, consumer-first approach empowers consumers to take control of their hearing. Consumers can purchase online, at retail locations or over the phone and get personalized and convenient consultation and support from hearing professionals via phone, text, email or video chat. Eargo hearing aids are offered to consumers at approximately half the cost of competing hearing aids purchased through traditional channels in the United States.

Eargo’s seventh generation device, Eargo 7, is an FDA 510(k) cleared, self-fitting over-the-counter hearing aid featuring Sound Adjust+ with Comfort and Clarity Modes, which focuses on noise reduction and adapting to the user’s environment and needs. Eargo 7 is available for purchase here.

Related Links http://eargo.com

Investor Contact
Adam Laponis
Chief Financial Officer
ir@eargo.com

Running after hours

In with a starter

Short Squeeze possible to 400.00

Rabbit Ears: Ear go, Game Stop, same exact set up as GME 2021

“Synonyms of ergo
: for that reason : because of that : THEREFORE, HENCE
… there is no sound, ergo, no speed of sound, in the vacuum of space.
—Stephan Wilkinson

https://www.merriam-webster.com/dictionary/ergo”

1 FOR 20 RS happened on 1/18/23. Don't be fooled by this sudden pps jump or when looking back at historical prices. Divide everything you see by 20.

This POS is really trading at 56 cents right now. Total desperation to stay on NASDAQ.

(NASDAQ:EAR) announced Wednesday that its common stock would start trading on a split-adjusted basis when the market opens on Wednesday, Jan. 18, following a 1-for-20 reverse stock split. Accordingly, every 20 shares of Eargo's (EAR) issued and outstanding common stock will be converted to one such unit.Jan 11, 2023

DUMPED all my shares at 16.23

GLTU

.64 holding for news.

where you in @

news hasnt hit yet...

https://www.accessdata.fda.gov/scripts/cdrh/cfdocs/cfpmn/pmn.cfm?ID=K221698

Charles, I hear ya. Very good post .. (NASDAQ: EAR) . Eargo was granted U.S. patent titled 'Hearing Device Test And Diagnostics System And Methods.' (( I hope we are able to get Corn Pop to run some ad time for us. ))

Biden - Americans are going to start seeing hearing aids on their store shelves

Just picked up some of these gems

LOL

Morning sellers become afternoon chasers.

Rebuy time I’m a few

Huge $$$ flowing through here today! Big money being made! GL. $EAR

Beast mode coming soon! $EAR

Beast mode coming soon! $EAR

Let’s slap it hard $$$$

EAR 39 million shares out 129 million traded we could see a huge push later

Back in at 3.20. This has legs! Let’s go!! $EAR

EAR: We are off to Planet JUPITER today, Homeboys (& Girls)!!!

$5 let’s gooo

Give Him a lollipop WOOHOOOOOO EAR$ $5 TARGET PRICE TODAY

Sold 3.10

I can EAR$ you WOOHOOOOOO

Reloaded 2.90

Sold 3.30’s!

EAR: And you will NOT be disappointed, Sir!! (Once we get that, "We Are Evaluating A Potential Next Great Monkey Pox VACCINE", bullshit OUT of our way UP!! And WE, Sir, have a very reasonable NASDAQ 'Share Structure'; while @INND has TRILLIONS of shares!!)

Picked some up on the 2.60 dip. GL

EAR: Lend me your EARS, Folks!!! (Pun intended.) EAR is gonna be a proverbial, 'Hole-in-ONE'!!

EAR: To the MOON!!! Care to JOIN us????

EAR: Let's go, Peeps!!! Can we DO this???!!!

Food and Drug Administration said it would allow some hearing aids to be sold over-the-counter.

The FDA said the move will "improve access to hearing aids which may in turn lower costs for millions of Americans." It enables customers "with perceived mild to moderate hearing impairment to purchase hearing aids directly from stores or online retailers without the need for a medical exam, prescription or a fitting adjustment by an audiologist."

It's definitely sucking in the shorts tho, and walah... a mover, 2022 style.

Wow, those are some awful earnings put out a few days ago. Should be trading @ .10 haha

Nice day looking very good. Company seems to be back on track.
52-Wk Range
0.6701 - 26.06

Bad,bad Q2 financial. But...that was expected. Q2 LOSS of $32.4M.

People buying at nearly 2.00 today?!?!?

HORRIFICALLY BAD - like plane crash with a car crash wrapped around it kinda bad LMAO !!!

"Hearing aids" = a SHITTY BUSINESS as proven by ALL these dilution mills that MAKE NO PROFIT SELLING THEM !!!

EAR is going to DILUTE THE SHIT OUT OF THEIR STOCK and the only other scam-n-sham "public traded" so called "Hearing Aid Company" I'm aware of is doing THE EXACT SAME THING w/ that epic POS surpassing 8 BILLION SHARES printed and issued within the next month or two.

PROVING "hearing aid sales" is a NON PROFIT and LOW MARGIN POS "business" - nothing but SHARE PRINTING SCAMS and never scale well or have decent margins.

The damn RATE OF PRODUCT RETURN and BAD PRODUCT NEEDING SERVICE is staggering in the EAR report (SAME for all these CHINA INC Xiamen Sound Alibaba import/middle-man 2-bit knock off sellers) - which is THE NORM as all the crap these POS companies sell is CHINA INC middle-man garbage !!

EAR might be a flip when it gets done diluting and is probably sitting at 50 CENTS max or so - and even then it's gonna be risky as hell until they can show they've stopped bleeding cash and DILUTING.

Bad,bad Q2 financial. But...that was expected. Q2 LOSS of $32.4M.

People buying at nearly 2.00 today?!?!?

$EAR shares are jumping more than 23% despite a lack of news

Financials will be released on Monday at the close.

Financials will be released on Monday or Tue at the latest and will be in the dumpster. No way these guys will have a good quarter for some time to come. They borrowed $100M in toxic notes to stay afloat just a month ago.

https://www.barchart.com/stocks/quotes/EAR/cheat-sheet


3rd Resistance Point 1.6833
2nd Resistance Point 1.5167
1st Resistance Point 1.4133

Hold on, I just added 100k on Ear. : )))

Buy amtd

To me look like big accumulation is going on. See you above 10 dollars : )))))