Microbot Medical Inc. announced on January 10, 2025, the closing of its previously announced registered direct offering. The offering involved the purchase and sale of 3,788,550 shares of the company’s common stock at a price of $2.27 per share.
In a concurrent private placement, the company also issued 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 gross proceeds to Microbot Medical from these offerings were approximately $8.6 million, before deducting placement agent fees and other offering expenses. The net proceeds are designated for the continued development, commercialization, and regulatory activities for the LIBERTY Robotic System, as well as for working capital and general corporate purposes.
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