Microbot Medical Announces Settlement and Release Agreement, Effectively Resolving all Associated Legal Matters [Yahoo! Finance]
Microbot Medical Inc. (MBOT)
Last microbot medical inc. earnings: 11/14 03:34 pm
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Source: Yahoo! Finance
BRAINTREE, Mass., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Microbot Medical Inc. (Nasdaq: MBOT), developer of the innovative LIBERTY ® Endovascular Robotic Surgical System, today announced it has signed a Settlement Agreement and Release with Empery Asset Master Ltd., Empery Tax Efficient, LP, Empery Tax Efficient II, LP, Hudson Bay Master Fund Ltd. that resolves all claims asserted against the Company by these entities in a lawsuit filed in 2020 relating to a June 2017 securities purchase agreement. All of the cash payable to the plaintiffs in the settlement, representing over half of the settlement amount, will be covered by Microbot's insurance carrier. This arrangement ensures that the settlement will not impact the company's cash position or its balance sheet. "We believe that resolving this matter while maintaining our cash position is in the best interest of our shareholders, as it allows us to continue to move forward with focus on the upcoming milestones, including our IDE subm
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MBOT
News
- Microbot Medical Inc. (NASDAQ: MBOT) had its price target lowered by analysts at HC Wainwright from $8.00 to $7.00. They now have a "buy" rating on the stock.MarketBeat
- Microbot Medical Shares Status Following Recent Geopolitical Events [Yahoo! Finance]Yahoo! Finance
- Microbot Medical Shares Status Following Recent Geopolitical EventsGlobeNewswire
- Microbot Medical (MBOT) Files IDE to Start Human Clinical Study [Yahoo! Finance]Yahoo! Finance
- Microbot Medical Submits an IDE Application to Gain FDA Approval to Commence Its Pivotal Clinical Trial in the USGlobeNewswire
MBOT
Sec Filings
- 4/25/24 - Form 424B3
- 4/24/24 - Form 8-K
- 4/16/24 - Form 424B3
- MBOT's page on the SEC website