Microbot Medical (MBOT) Prices 1.02M Direct Offering at $4.89/sh

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Microbot Medical Announces $5 Million Registered Direct Offering Priced At-The-Market under Nasdaq Rules

October 21, 2022 8:00 AM EDT

HINGHAM, Mass., Oct. 21, 2022 (GLOBE NEWSWIRE) -- Microbot Medical Inc. (Nasdaq: MBOT) today announced that it has entered into a definitive agreement with a single institutional investor for the purchase and sale of 1,022,495 shares of the Companys common stock (which includes pre-funded warrants to purchase 240,000 shares of common stock) at a purchase price of $4.89 per share of common stock (or $4.8899 per pre-funded warrant, which represents the per share offering price for the common stock less the $0.0001 per share exercise price for each pre-funded warrant) in a registered direct offering priced at-the-market... More