Microbot Medical Announces $2.66M Registered Direct Offering Of ~1.21M Shares Of Common Stock Priced At $2.20/Share At-The-Market Under Nasdaq Rules
Portfolio Pulse from Benzinga Newsdesk
Microbot Medical Inc. (NASDAQ:MBOT) announces a registered direct offering of 1.21 million shares at $2.20 per share, expecting to raise $2.66 million. The proceeds will be used for the development and commercialization of the LIBERTY® Robotic System, IP portfolio expansion, and general corporate purposes.
May 23, 2023 | 7:26 pm
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Microbot Medical's registered direct offering of 1.21 million shares at $2.20 per share aims to raise $2.66 million for the development of the LIBERTY® Robotic System and IP expansion.
The registered direct offering will provide Microbot Medical with additional funds for the development and commercialization of its LIBERTY® Robotic System and IP expansion. This could potentially lead to future growth for the company. However, the short-term impact on the stock price is uncertain, as the offering is priced at-the-market and the market's reaction to the news is unknown.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100