InspireMD (NSPR) Announces $113.6M Private Placement

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Go back to InspireMD (NSPR) Announces $113.6M Private Placement

InspireMD Announces Private Placement of Up to $113.6 Million

May 15, 2023 8:00 AM EDT

Led by Marshall Wace with participation from OrbiMed, Rosalind, Nantahala, Soleus, Velan and certain InspireMD Board members

$42.2 million financing upfront with up to an additional $71.4 million tied to exercise of milestone-driven warrants

TEL AVIV, Israel and MIAMI, May 15, 2023 (GLOBE NEWSWIRE) -- InspireMD, Inc. (Nasdaq: NSPR), developer of the CGuard Embolic Prevention Stent System (EPS) for the prevention of stroke, today announced that the Company has signed a securities purchase agreement with certain healthcare-focused institutional investors that have agreed to provide... More