Odysight.ai Inc. announced on February 10, 2025, the pricing of a public offering of 3,307,692 shares of its common stock at $6.50 per share. The gross proceeds from this offering are expected to be approximately $21.5 million, before deducting underwriting discounts and commissions and estimated offering expenses.
The company's common stock has been approved for listing on the Nasdaq Capital Market and began trading under the symbol “ODYS” on Tuesday, February 11, 2025. This uplisting is a significant strategic move, enhancing the company's visibility and access to a broader investor base.
Odysight.ai intends to use the net proceeds from this offering for expanded research and development, increased sales and marketing efforts, working capital, and other general corporate purposes, supporting its growth strategy in AI-driven Predictive Maintenance and Condition-Based Monitoring.
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