Microbot Medical Inc. announced on January 8, 2025, that it has entered into definitive agreements for a registered direct offering expected to generate approximately $8.6 million in gross proceeds. The offering includes the purchase and sale of 3,788,550 shares of common stock at $2.27 per share.
In a concurrent private placement, the company will issue unregistered short-term series H preferred investment options. These options allow for the purchase of up to 7,577,100 shares of common stock at an exercise price of $2.10 per share, immediately exercisable for two years.
The net proceeds from these offerings are intended to support the continued development, commercialization, and regulatory activities for the LIBERTY Robotic System. Funds will also be allocated for the expansion of additional applications from the company's IP portfolio, as well as for working capital and general corporate purposes.
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