Lifeward Ltd. announced on January 7, 2025, that it has entered into a definitive agreement for a registered direct offering, expecting to raise approximately $5.0 million in gross proceeds. The offering involves the issuance and sale of 1,818,183 ordinary shares at a purchase price of $2.75 per share.
In a concurrent private placement, the company will also issue unregistered short-term warrants to purchase up to 1,818,183 ordinary shares. These warrants will have an exercise price of $2.75 per share and a term of three years, exercisable immediately upon issuance.
The net proceeds from this offering are intended to be used for continuing commercial efforts, working capital, and general corporate purposes. The closing of the offering is expected to occur on or about January 8, 2025, subject to customary closing conditions.
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