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Baird Medical Eyes U.S. Expansion and Nasdaq Debut: Joining Forces with Top Medical Institutions

Baird Medical, a trailblazer in microwave ablation (MWA) technology for tumor treatment, is making significant inroads into the U.S. healthcare market, reinforced by its strategic update to the business combination with ExcelFin Acquisition Corp. This maneuver is not just a leap towards broadening its operational footprint but also a calculated entry into the U.S. stock market with its upcoming Nasdaq listing under the ticker symbol “BDMD”.

The updated agreement between Baird Medical and ExcelFin, announced on March 12, 2024, showcases an earnout provision for 30% of Baird Medical’s shares based on achieving a trading price threshold, underscoring confidence in the company’s valuation and future market performance. This move, coupled with the waiver of a $15 million minimum cash condition, accelerates the path towards the transaction’s completion and Baird Medical’s debut on the Nasdaq. This key milestone signifies the company’s readiness to compete on a global stage, particularly in the competitive U.S. medical device sector.

Baird Medical’s strategic thrust into the U.S. is highlighted by its engagements with several of the country’s leading medical institutions. The company has conducted pilot MWA procedures, underscoring its commitment to introducing innovative, minimally invasive treatment options to a wider audience. These procedures, pivotal in showcasing the efficacy and safety of Baird Medical’s technology, have been carried out in collaboration with illustrious U.S. medical centers, including Tulane Medical Center, Weill Cornell Medicine, Stanford Medicine, Johns Hopkins Medicine, NYU School of Medicine, and Columbia University. This collaboration validates the clinical importance of Baird Medical’s technology and sets the stage for broader adoption and integration into the U.S. healthcare system.

The significance of these partnerships extends beyond the immediate clinical applications. By aligning with prestigious U.S. medical institutions, Baird Medical is positioning its MWA technology as a frontline treatment option in the fight against various tumors. This strategic alignment is anticipated to enhance Baird Medical’s visibility in the U.S. medical community, potentially accelerating its acceptance and adoption across other institutions and clinics.

The Nasdaq listing represents a pivotal moment for Baird Medical. It offers a platform to attract investment and scale operations at a crucial time when the company is expanding its presence in one of the world’s largest healthcare markets. The U.S. listing serves as a testament to Baird Medical’s technological innovation and business model and as a bridge to connect with a broader investor base, driving forward its mission to revolutionize tumor treatment with its MWA technology.

As Baird Medical embarks on this journey, the strategic decisions led by Founder and CEO Ms. Haimei Wu reflect a clear vision for the company’s future. The anticipation surrounding its Nasdaq debut underlines the market’s optimism about Baird Medical’s potential to transform the medical device industry. With a solid strategy, innovative technology, and the backing of leading U.S. medical institutions, Baird Medical is poised for a significant impact in the healthcare sector, promising long-term value creation for its shareholders and advanced treatment options for patients worldwide.

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