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BASE SHELF PROSPECTUS IS ACCESSIBLE, AND PROSPECTUS SUPPLEMENT WILL BE ACCESSIBLE WITHIN TWO BUSINESS DAYS, ON SEDAR+ AND ON EDGAR TORONTO, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Profound Medical Corp. (TSX: PRN; NASDAQ: PROF) (“Profound” or the “Company”) today announced that it intends to offer and sell common shares (the “Common Shares”) in an underwritten public offering (the “Offering”). In addition, Profound expects to grant the underwriters of the Offering a 30-day option to purchase up to an additional 15% of the Common Shares sold in the Offering. All of the securities in the Offering are being offered by Profound. The Offering is subject to market conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering. The net proceeds of the Offering are expected to be used: (i) to fund the continued commercialization of the TULSA-PRO® system in the United States, (ii) to fund the continued development and commercialization of the TULSA-PRO® system and the Sonalleve® system globally, and (iii) for working capital and general corporate purposes. The Offering is expected to be completed pursuant to an underwriting agreement to be entered into between the Company and Raymond James Ltd. and Lake Street Capital Markets as co-lead underwriters and joint bookrunners, and a third underwriter. The Offering is expected to take place in each of the provinces and territories of Canada, except the province of Québec, and in the United States. The Offering is expected to close on or about December 10, 2024, subject to customary closing conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange. Profound will notify the Nasdaq Capital Market in accordance with the rules of that exchange. In connection with the Offering, the Company has filed a preliminary prospectus supplement (the “Preliminary Prospectus Supplement”) and intends to file a subsequent prospectus supplement (the “Prospectus Supplement”) to its short form base shelf prospectus dated July 10, 2024 (the “Base Shelf Prospectus”) in each of the provinces and territories of Canada relating to the proposed Offering. The Prospectus Supplement will also be filed in the United States with the U.S. Securities and Exchange Commission (the “SEC”) as part of the Company’s effective registration statement on Form F-10 (File no. 333-280236), as amended, previously filed under the multijurisdictional disclosure system adopted by the United States. Access to the Base Shelf Prospectus, the Prospectus Supplement, and any amendments to the documents will be provided in accordance with securities legislation relating to procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment. The Base Shelf Prospectus is, and the Prospectus Supplement will be (within two business days of the date hereof), accessible on SEDAR+ at www.sedarplus.com and on EDGAR at www.sec.gov . The Common Shares are offered under the Prospectus Supplement. An electronic or paper copy of the Base Shelf Prospectus, the Prospectus Supplement (when filed), and any amendment to the documents may be obtained without charge, from Raymond James Ltd., Scotia Plaza, 40 King St. W., 54th Floor, Toronto, Ontario M5H 3Y2, Canada, or by telephone at 416-777-7000 or by email at ECM-Syndication@raymondjames.ca by providing the contact with an email address or address, as applicable. Copies of the Prospectus Supplement and the Base Shelf Prospectus will be available on EDGAR at www.sec.gov or may be obtained without charge from Raymond James & Associates, Inc., Attention: Equity Syndicate, 880 Carillon Parkway, St. Petersburg, Florida 33716, by telephone at (800) 248-8863, or by email at prospectus@raymondjames.com , and from Lake Street Capital Markets, LLC, 920 2nd Ave S - Ste 700, Minneapolis, MN 55402, prospectus@lakestreetcm.com , (612) 326-1305. The Base Shelf Prospectus and Prospectus Supplement contain important, detailed information about the Company and the proposed Offering. Prospective investors should read the Base Shelf Prospectus and Prospectus Supplement (when filed) before making an investment decision. No securities regulatory authority has either approved or disapproved of the contents of this news release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any province, territory, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, territory, state or jurisdiction. About Profound Medical Corp. Profound is a commercial-stage medical device company that develops and markets customizable, incision-free therapies for the ablation of diseased tissue. Profound is commercializing TULSA-PRO®, a technology that combines real-time MRI, robotically-driven transurethral ultrasound and closed-loop temperature feedback control. Profound is also commercializing Sonalleve®, an innovative therapeutic platform that is CE marked for the treatment of uterine fibroids and palliative pain treatment of bone metastases. Forward-Looking Statements This release includes forward-looking statements regarding Profound and its business which may include, but is not limited to, the Offering, including the Offering’s timing, pricing, underwriters, size, terms, selling jurisdictions, closing, over-allotment option, and use of proceeds; the availability and timing of the final prospectus supplement; and, the expectations regarding the efficacy and commercialization of Profound’s technology. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "is expected", "expects", "scheduled", "intends", "contemplates", "anticipates", "believes", "proposes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements are based on the current expectations of the management of Profound. The forward-looking events and circumstances discussed in this release, may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Company, including risks regarding the medical device industry, regulatory approvals, reimbursement, economic factors, the equity markets generally and risks associated with growth and competition. Although Profound has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement can be guaranteed. Additional information about the risks and uncertainties of forward-looking statements and the assumptions upon which they are based is contained in the Company’s filings with securities regulators, which are available electronically through SEDAR+ at www.sedarplus.com and EDGAR at www.sec.gov . Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Profound undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, other than as required by law. For further information, please contact: Stephen Kilmer Investor Relations skilmer@profoundmedical.com T: 647.872.4849The Nigerian National Petroleum Company Limited (NNPC) has reportedly asked marketers to halt petrol imports The NNPC said that the marketers can only import petrol if the Dangote Refinery is unable to meet local supply needs The directive reportedly came during a high-level meeting between the NNPC, the oil marketers and the NMDPRA PAY ATTENTION: Follow our WhatsApp channel to never miss out on the news that matters to you! Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade. The Nigerian National Petroleum Company Limited (NNPC) has directed oil marketers to halt petrol imports, stating that the Dangote Refinery has sufficient capacity to meet domestic needs. According to reports, the directive came amid a high-level meeting in Abuja attended by NNPC Group CEO Mele Kyari, representatives of the Major Oil Marketers Association of Nigeria (MOMAN), Depot and Petroleum Products Marketers Association (DAPPMAN), and key stakeholders. No more petrol imports until further notice Representatives of 11 PLc, Matrix, AA Rano, and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) were also present at the meeting. Read also Naira-for-crude plan hits roadblock as NNPC fails to deliver agreed volume to Dangote PAY ATTENTION : Standing out in social media world? Easy! "Mastering Storytelling for Social Media" workshop by Legit.ng. Join Us Live! Sources privy to the negotiation said the NNPC categorically asked the stakeholders that all supply would now be based on clearance from the Dangote Refinery. BusinessDay quoted an official in attendance at the meeting that the NNPC stressed that no marketer would be allowed to import petrol without specific clearance tied to Dangote Refinery’s capacity in the future. According to the report, the decision raised concerns among the marketers, who expressed worry over the refinery’s ability to meet and sustain a consistent supply nationwide. Marketers raise concerns over new directive The marketers reportedly questioned the refinery’s production and logistics preparedness to handle fluctuating domestic demands. Another issue raised at the meeting was the payment structure proposed by the mega refinery, which mandates marketers to settle payments upon product arrival at the depots. The system also demands advance payment, which raises concerns about cash flow and operational feasibility for smaller players in the downstream sector. Read also NNPC explains reasons for delay in completing Port Harcourt amid high petrol imports IPMAN reaches agreement with Dangote Refinery Since its January opening, the $20 billion refinery has sold diesel, aviation fuel, and other petroleum products, primarily to traders from Vitol, Trafigura, and the international energy firm BP. Legit.ng earlier reported that the refinery also agreed with the Independent Petroleum Marketers Association of Nigeria (IPMAN) to lift 60 million litres of petrol weekly. Also, NNPC and other significant marketers imported over 2 billion litres of petrol between October and November. Filling stations slash petrol prices as landing cost falls Legit.ng earlier reported that data from the Major Energy Marketers Association of Nigeria (MEMAN) shows that the landing cost of imported petrol has declined slightly to N975 per litre. The adjustment shows a decrease from the previous rate of N977 per litre when calculated at an exchange rate of N1,658.93 to a dollar. The spot landing cost also reduced slightly to N938 per litre, showing modest improvements caused by FX rate stability and supply dynamics. PAY ATTENTION : Legit.ng Needs Your Opinion! That's your chance to change your favourite news media. Fill in a short questionnaire Source: Legit.ng
Christmas Day  Kansas City (-3) at Pittsburgh: The Chiefs can set a franchise record for wins in the regular season and wrap up the No. 1 seed along with home-field advantage throughout the AFC playoffs as they continue their quest for a third straight Super Bowl title. The scuffling Steelers are trying to snap a two-game losing streak after missing an opportunity to clinch the AFC North. CHIEFS: 24-20  Baltimore (-51⁄2) at Houston: The Ravens have won five in a row over the Texans, including 34-10 in a divisional playoff game last season. Baltimore can move into first place in the AFC North with a win and loss by Pittsburgh. But Lamar Jackson and Derrick Henry face a tough challenge against Houston’s defense. C.J. Stroud and the Texans are reeling after losing Tank Dell to a devastating knee injury. RAVENS: 23-19 Thursday’s game  Seattle (-31⁄2) at Chicago: The Seahawks have to win to maintain slim playoff hopes. The Bears have lost nine straight. Geno Smith and Jaxon Smith-Njigba should have a big day against Chicago’s pass defense. SEAHAWKS: 26-20 Saturday’s games  Los Angeles Chargers (-4) at New England: The Chargers would clinch a wild-card spot with a victory over the Patriots, who battled hard against the Bills. Los Angeles is 9-2 against the spread as favorites. Justin Herbert is 9-0 ATS in the Eastern time zone in his career. The Patriots have lost eight straight home games in December. BEST BET: CHARGERS: 23-16  Denver at Cincinnati (-3): Joe Burrow and the Bengals have to win to keep their slim playoff hopes alive. They’re favorites for the 12th time this season despite a losing record. The Broncos would clinch a wild-card berth with a win. UPSET SPECIAL: BRONCOS: 23-22  Arizona at Los Angeles Rams (-6): A four-game winning streak has the Rams on the verge of securing the NFC West. Los Angeles aims to avenge a lopsided loss to Arizona in Week 2. The Cardinals were eliminated from the playoffs and are reduced to playing spoiler. RAMS: 26-16 Sunday’s games  New York Jets at Buffalo (-10): The Bills will know going in if they have a shot at the AFC’s No. 1 seed. If the Chiefs beat the Steelers and lock it up, Buffalo’s main priority will be keeping Josh Allen and everyone healthy. Still, they can rest in Week 18. After a subpar effort against the Patriots, the Bills can’t take Aaron Rodgers and the Jets lightly. BILLS: 27-16  Las Vegas (-1) at New Orleans: The Raiders already hurt their draft positioning by beating the Jaguars last week. Another win could further knock them down and negatively impact their quest for a franchise quarterback. But coach Antonio Pierce wants to win, and the players don’t care about draft slots. The Saints can’t get to the end of the season fast enough. RAIDERS: 20-16  Carolina at Tampa Bay (-8): The Panthers have embraced the spoiler role and coach Dave Canales will try to derail his former team’s playoff hopes. Bryce Young keeps improving and Chuba Hubbard is having a career year. Baker Mayfield and a turnover-prone offense have to overcome a depleted defense that couldn’t stop Cooper Rush and the Cowboys. BUCCANEERS: 26-20  Tennessee at Jacksonville (-1): The winner of this one really loses because it’ll be costly in the race for draft positioning. TITANS: 19-17  Indianapolis (-8) at New York Giants: The Giants have come too far to lose the No. 1 pick in the draft. The Colts are clinging to slim playoff hopes. Jonathan Taylor and Anthony Richardson combined for 308 yards and four TDs against the Titans. They could have similar results against New York. COLTS: 27-16  Dallas at Philadelphia (-91⁄2): The Cowboys are left to play for a winning record after being eliminated from the playoff race. The Eagles still need a win to secure the NFC East, but are almost locked into the No. 2 seed. Saquon Barkley is 268 yards away from breaking Eric Dickerson’s single-season rushing record. EAGLES: 24-17  Green Bay at Minnesota (-1): The Vikings are two wins away from the NFC’s No. 1 seed with Sam Darnold. Let that sink in. But those won’t be easy victories. Minnesota has to beat Green Bay and then Detroit on the road to win the NFC North and get home-field advantage throughout the playoffs. The Vikings, who are getting the Packers on short rest off a Monday night rout, have been overlooked and underrated. This is a statement game. VIKINGS: 27-22  Miami (-61⁄2) at Cleveland (3-12): Tua Tagovailoa and the Dolphins have slim playoff changes and get an opportunity to win a game in cold weather. A loss helps the Browns hold onto a top-five pick in the draft. DOLPHINS: 25-16  Atlanta at Washington (-4): The Falcons regained control of their NFC South hopes when the Buccaneers lost. Now, they have a tough test against the Commanders with Michael Penix Jr. making his second start. Washington clinches a playoff berth with a win or a loss by Tampa Bay. COMMANDERS: 24-23 Monday’s game  Detroit (-4) at San Francisco: The Lions aim to avenge their loss in the NFC championship game. Detroit clinches the NFC’s No. 1 seed with a win if the Packers beat the Vikings. If Minnesota beats Green Bay, the Lions have to beat the Vikings in Week 18 to secure the top seed so the result against San Francisco won’t matter. In that case, Dan Campbell could choose to rest some of his starters in preparation for a winner-take-all regular-season finale. LIONS: 26-23 — Rob Maaddi, Associated Press Be the first to know Get local news delivered to your inbox!
Tributes have been paid to DJ Alfredo Fiorito amid reports that he has died, aged 71. Alfredo - who has been referred to as the 'Father of the Balearic beat' over the years - is best known for his work as a DJ on the island of Ibiza . It was previously announced that had experienced a stroke back in 2021 and a fundraiser to support him was later launched. This week, amid reports that he has died, there has been an outpouring of tributes. The club that launched his career, Amnesia, paid tribute to Alfredo with a statement about him on Instagram . It read: "Dear Alfredo, Thank you for the nights and beats we shared together. Your music and vision shaped the sound of Balearic Beat and the soul of Amnesia." The post shared on the platform on Tuesday continued: "So many memories were made through your energy, your legacy will live on our dancefloor forever. You will never be forgotten. Rest in peace, Alfredo. The Amnesia Family." There have also been tributes to Alfredo on X, formerly known as Twitter . Sister Bliss wrote: "Very sad to hear the news about DJ Alfredo - my first trip to Ibiza in 92 was to play for him at Amnesia ... safe to say he changed the world of music for the better. Fly high to the great gig in the sky." Whilst Rowetta - who was previously a member of the Happy Mondays - wrote: "So so sad to hear that our friend, Ibiza pioneer DJ Alfredo has left us. He was a legend when I first played KU in 1990 & he always will be. RIP Alfredo." Dave Pearce, a fellow DJ, said: "Sad to learn Ibiza dance music legend Dj Alfredo has passed away - he was a true pioneer of the Ibiza Balearic Sound through his creativity and diversity in the music he mixed creating a wonderful musical journey - Thoughts with his family and friends RIP." They weren't alone in paying tribute to Alfredo, with another post reading: "This is sad to hear. Legendary DJ Alfredo, one of the pioneers of the Balearic sound, has passed away." Someone else wrote: "The legend will be missed." "Will never forget your incredible music selection & DJ sets across the decades. A true inspiration," another person wrote in a post on social media this week. Whilst one fan wrote in a tribute post to Alfredo: "A true pioneer." Alfredo is said to have grown up in Argentina before moving to mainland Spain when he was in his twenties. He later ended up on the island of Ibiza - which is now well known for its music club scene - where he ventured into DJing. Follow Mirro r C elebs on TikTok , Snapchat , Instagram , Twitter , Facebook , YouTube and Threads .Don McHenry scores 7 of his 29 points in OT to rally Western Kentucky past Murray State 81-76
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Last week's congressional votes
The president-elect, in a wide-ranging interview with NBC's "Meet the Press" that aired Sunday, also touched on monetary policy, immigration, abortion and health care, and U.S. involvement in Ukraine, Israel and elsewhere. Trump often mixed declarative statements with caveats, at one point cautioning "things do change." Here's a look at some of the issues covered: Trump hems on whether trade penalties could raise prices Trump threatened broad trade penalties, but said he didn't believe economists' predictions that added costs on those imported goods for American companies would lead to higher domestic prices for consumers. He stopped short of a pledge that U.S. an households won't be paying more as they shop. "I can't guarantee anything. I can't guarantee tomorrow," Trump said, seeming to open the door to accepting the reality of how import levies typically work as goods reach the retail market. That's a different approach from Trump's typical speeches throughout the 2024 campaign, when he framed his election as a sure way to curb inflation. In the interview, Trump defended tariffs generally, saying that tariffs are "going to make us rich." He has pledged that, on his first day in office in January, he would impose 25% tariffs on all goods imported from Mexico and Canada unless those countries satisfactorily stop illegal immigration and the flow of illegal drugs such as fentanyl into the United States. He also has threatened tariffs on China to help force that country to crack down on fentanyl production. "All I want to do is I want to have a level, fast, but fair playing field," Trump said. Trump suggests retribution for his opponents while claiming no interest in vengeance He offered conflicting statements on how he would approach the justice system after winning election despite being convicted of 34 felonies in a New York state court and being indicted in other cases for his handling of national security secrets and efforts to overturn his 2020 loss to Democrat Joe Biden. "Honestly, they should go to jail," Trump said of members of Congress who investigated the Capitol riot by his supporters who wanted him to remain in power. The president-elect underscored his contention that he can use the justice system against others, including special prosecutor Jack Smith, who led the case on Trump's role in the siege on Jan. 6, 2021. Trump confirmed his plan to pardon supporters who were convicted for their roles in the riot, saying he would take that action on his first day in office. As for the idea of revenge driving potential prosecutions, Trump said: "I have the absolute right. I'm the chief law enforcement officer, you do know that. I'm the president. But I'm not interested in that." At the same time, Trump singled out lawmakers on a special House committee who investigated the insurrection, citing Rep. Bennie Thompson, D-Miss., and former Rep. Liz Cheney, R-Wyo. "Cheney was behind it ... so was Bennie Thompson and everybody on that committee," Trump said. Asked specifically whether he would direct his administration to pursue cases, he said, "No," and suggested he did not expect the FBI to quickly undertake investigations into his political enemies. At another point, Trump said he would leave the matter up to Pam Bondi, his pick as attorney general. "I want her to do what she wants to do," he said. Such threats, regardless of Trump's inconsistencies, have been taken seriously enough by many top Democrats that Biden is considering issuing blanket, preemptive pardons to protect key members of his outgoing administration. Trump did seemingly back off his campaign rhetoric calling for Biden to be investigated, saying, "I'm not looking to go back into the past." Swift action on immigration is coming Trump repeatedly mentioned his promises to seal the U.S.-Mexico border and deport millions of people who are in the U.S. illegally through a mass deportation program. "I think you have to do it," he said. He suggested he would try to use executive action to end "birthright" citizenship under which people born in the U.S. are considered citizens — though such protections are spelled out in the Constitution. Asked specifically about the future for people who were brought into the country illegally as children and were shielded from deportation in recent years, Trump said, "I want to work something out," indicating he might seek a solution with Congress. But Trump also said he does not "want to be breaking up families" of mixed legal status, "so the only way you don't break up the family is you keep them together and you have to send them all back." Trump commits to NATO, with conditions, and waffles on Putin and Ukraine Long a critic of NATO members for not spending more on their own defense, Trump said he "absolutely" would remain in the alliance "if they pay their bills." Pressed on whether he would withdraw if he were dissatisfied with allies' commitments, Trump said he wants the U.S. treated "fairly" on trade and defense. He waffled on a NATO priority of containing Russia and President Vladimir Putin. Trump suggested Ukraine should prepare for less U.S. aid in its defense against Putin's invasion. "Possibly. Yeah, probably. Sure," Trump said of reducing Ukraine assistance from Washington. Separately, Trump called for an immediate cease-fire. Asked about Putin, Trump said initially that he has not talked to the Russian leader since Election Day last month, but then hedged. "I haven't spoken to him recently," Trump said when pressed, adding that he did not want to "impede the negotiation." Trump says Powell is safe at the Fed, but not Wray at the FBI The president-elect said he has no intention, at least for now, of asking Federal Reserve Chairman Jerome Powell to step down before Powell's term ends in 2028. Trump said during the campaign that presidents should have more say in Fed policy, including interest rates. Trump did not offer any job assurances for FBI Director Christopher Wray, whose term is to end in 2027. Asked about Wray, Trump said: "Well, I mean, it would sort of seem pretty obvious" that if the Senate confirms Kash Patel as Trump's pick for FBI chief, then "he's going to be taking somebody's place, right? Somebody is the man that you're talking about." Trump is absolute about Social Security, not so much on abortion and health insurance Trump promised that the government efficiency effort led by Elon Musk and Vivek Ramaswamy will not threaten Social Security. "We're not touching Social Security, other than we make it more efficient," he said. He added that "we're not raising ages or any of that stuff." He was not so specific about abortion or his long-promised overhaul of the Affordable Care Act. On abortion, Trump continued his inconsistencies and said he would "probably" not move to restrict access to the abortion pills that now account for a majority of pregnancy terminations, according to the Guttmacher Institute, which supports abortion rights. But pressed on whether he would commit to that position, Trump replied, "Well, I commit. I mean, are — things do — things change. I think they change." Reprising a line from his Sept. 10 debate against Vice President Kamala Harris, Trump again said he had "concepts" of a plan to substitute for the 2010 Affordable Care Act, which he called "lousy health care." He added a promise that any Trump version would maintain insurance protections for Americans with preexisting health conditions. He did not explain how such a design would be different from the status quo or how he could deliver on his desire for "better health care for less money."
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