Microbot Medical Announces $1.5M Registered Direct Offering Of 701,756 Shares Of Common Stock At A Price Of $2.1375/Share, Priced At-The-Market Under Nasdaq Rules
Portfolio Pulse from Happy Mohamed
Microbot Medical Inc. (NASDAQ:MBOT) announces a registered direct offering of 701,756 shares of common stock at $2.1375/share, priced at-the-market under Nasdaq rules. The company will also issue unregistered series C preferred investment options in a concurrent private placement. The closing is expected on June 6, 2023.

June 02, 2023 | 4:38 pm
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NEUTRAL IMPACT
Microbot Medical's registered direct offering of 701,756 shares at $2.1375/share may impact its stock price in the short term.
The announcement of the registered direct offering and concurrent private placement may have mixed effects on Microbot Medical's stock price. On one hand, it could be seen as a positive sign of the company raising capital for growth. On the other hand, the dilution of shares may lead to a short-term negative impact on the stock price. Overall, the impact is expected to be neutral in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100