Medigus (MDGS) Prices 3.33M ADS Share Offering at $1.50/ADS

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Medigus Ltd. Announces Pricing of $5 Million Public Offering

May 19, 2020 11:55 PM EDT

OMER, Israel, May 19, 2020 (GLOBE NEWSWIRE) -- Medigus Ltd. (Nasdaq, TASE: MDGS), a technology company developing minimally invasive tools and an innovator in direct visualization technology, today announced the pricing of an underwritten public offering of 3,333,334 American Depositary Shares (the ADSs) (or pre-funded ADS purchase warrants, each to purchase one ADS (the Pre-Funded Warrants) in lieu thereof). Each ADS is being sold to the public at a price per ADS of $1.50 and each Pre-Funded Warrant is being sold to the public at a price per Pre-Funded Warrant of $1.499. The gross... More