ReWalk Robotics (RWLK) Announces 16.01M Share Direct Offering at $2.035/sh

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Go back to ReWalk Robotics (RWLK) Announces 16.01M Share Direct Offering at $2.035/sh

ReWalk Robotics Announces $32.5 Million Registered Direct Offering Priced At Premium to Market

September 27, 2021 8:00 AM EDT

MARLBOROUGH, Mass. and BERLIN and YOKNEAM ILIT, Israel, Sept. 27, 2021 (GLOBE NEWSWIRE) -- ReWalk Robotics Ltd. (Nasdaq: RWLK) (ReWalk or the Company) today announced that it has entered into definitive agreements with several institutional investors providing for the issuance of 16,013,518 of the Companys ordinary shares (or ordinary share equivalents in lieu thereof), at an effective purchase price of $2.035, in a registered direct offering priced at-the-market under Nasdaq Rules. ReWalk has also agreed to issue to the investors unregistered warrants to purchase up to an aggregate amount of 8,006,759 ordinary shares in a concurrent private... More