BSD Med Corp. (fka PRSNQ)

[UglyAmerican]

Minnesota med-tech company Galil Medical said Tuesday it's reached a deal to buy Perseon Corp. for $10.6 million in a deal that will take the publicly traded Perseon private. But Galil's got some fundraising to do first.
Galil, which makes needles that deliver super-chilled gas to freeze and destroy cancer tumors, said in its announcement that the acquisition of Perseon (Nasdaq: PRSN) is contingent on Galil raising $26 million in new debt and equity. Galil's board of directors and its private equity partners, which include Thomas, McNerney & Partners of Minneapolis, will be investing about $5 million toward that total.