ProSomnus

ProSomnus announced plans for a new 32,219-square-foot facility in Pleasanton, California, to serve as its global headquarters and manufacturing center of excellence, quintupling manufacturing capacity. Operations are expected to begin in January 2023.

ProSomnus announced plans for a new 32,219-square-foot facility in Pleasanton, California, serving as global headquarters and manufacturing center of excellence. The facility will quintuple manufacturing capacity and is expected to begin operations in January 2023.

ProSomnus, a sleep apnea device manufacturer, signed a definitive agreement to be acquired by Lakeshore Acquisition I Corp for $125 million, with a combined value of $168 million. The deal includes $30 million in convertible notes and a potential $10 million PIPE.