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Stock impact report

 Motus GI Announces $13.5 Million Follow-on Public Offering

Motus GI Holdings, Inc. (MOTS) 
Last motus gi holdings, inc. earnings: 3/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: motusgi.com
Company Research Source: Business Wire
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Motus GI Holdings, Inc., (NASDAQ: MOTS) ("Motus GI" or the "Company"), a medical technology company dedicated to improving clinical outcomes and enhancing the cost-efficiency of colonoscopy, announced today the pricing of its follow-on public offering of 5,000,000 shares of its common stock at a price of $2.70 per share, for total gross proceeds of $13.5 million. The offering is expected to close on December 24, 2018, subject to customary closing conditions. In addition, the Company granted the underwriters a 30-day option to purchase an additional 750,000 shares of common stock at the public offering price.Piper Jaffray & Co. is acting as the sole book-running manager for the offering. A.G.P./Alliance Global Partners and Dougherty & Company are acting as co-managers for the offering.Motus GI intends to use the net proceeds from the offering to fund commercialization activities, research and development activities, including clinical and reg Show less Read more
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