Microbot Medical (MBOT) Prices 625K Share Offering at $3.25/sh

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Microbot Medical Announces $2 Million Registered Direct Offering Priced At-The-Market under Nasdaq Rules

June 27, 2023 8:00 AM EDT

HINGHAM, Mass., June 27, 2023 (GLOBE NEWSWIRE) -- Microbot Medical Inc. (Nasdaq: MBOT) today announced that it has entered into definitive agreements for the purchase and sale of 624,618 shares of the Companys common stock at a purchase price of $3.25 per share of common stock in a registered direct offering priced at-the-market under Nasdaq rules. In addition, in a concurrent private placement, the Company will issue unregistered series D preferred investment options. The series D preferred investment options to purchase up to 312,309 shares of common stock have an exercise price of $3.19 per share... More