Microbot Medical Announces $2.35M Registered Direct Offering Of 1,566,669 Shares Of Common Stock At A Price Of $1.50 Per Share
Portfolio Pulse from Benzinga Newsdesk
Microbot Medical Inc. (NASDAQ:MBOT) announced a $2.35M registered direct offering of 1,566,669 shares of common stock at $1.50 per share. Additionally, the company will issue unregistered series F preferred investment options to purchase up to 3,133,338 shares of common stock at the same price. The closing is expected around June 4, 2024, with H.C. Wainwright & Co. as the exclusive placement agent.
June 03, 2024 | 4:11 pm
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Microbot Medical Inc. (NASDAQ:MBOT) announced a $2.35M registered direct offering of 1,566,669 shares at $1.50 per share, along with series F preferred investment options for 3,133,338 shares. The offering is expected to close around June 4, 2024.
The announcement of a direct offering typically leads to a short-term decrease in stock price due to dilution concerns. The issuance of additional shares and preferred investment options may increase the supply of shares, potentially driving the price down.
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