Microbot Medical Announces $1.44M Registered Direct Offering Of of 655,569 Shares Of Common Stock At A Price Of $2.20/Share Priced At The Market Under Nasdaq Rules
Portfolio Pulse from Benzinga Newsdesk
Microbot Medical Inc. (NASDAQ:MBOT) announces a registered direct offering of 655,569 shares at $2.20 per share, priced at-the-market under Nasdaq rules. The offering is expected to close on May 24, 2023, with gross proceeds of $1,442,252. The funds will be used for the development and commercialization of the LIBERTY® Robotic System and other corporate purposes.
May 22, 2023 | 7:19 pm
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Microbot Medical's registered direct offering of 655,569 shares at $2.20 per share is expected to raise $1,442,252 for the development of the LIBERTY® Robotic System and other corporate purposes.
The registered direct offering will provide Microbot Medical with additional funds for the development and commercialization of their LIBERTY® Robotic System and other corporate purposes. This news is directly related to MBOT and is important for investors to be aware of. However, the short-term impact on the stock price is uncertain, as the market may have already priced in the offering.
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