ReWalk Robotics Announces Closing of $4.37 Million Public Offering
ReWalk Robotics Ltd. - Ordinary Shares (RWLK)
Last rewalk robotics ltd. - ordinary shares earnings: 2/20 07:45 am
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US:NASDAQ Investor Relations:
ir.rewalk.com/investor-overview
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Source: GlobeNewswire
YOKNEAM ILIT, Israel and MARLBOROUGH, Mass., Feb. 25, 2019 (GLOBE NEWSWIRE) -- ReWalk Robotics Ltd. (Nasdaq: RWLK) (“ReWalk” or the “Company”) today announced the closing and funding of its previously announced public offering of 19,000,000 ordinary shares at a price to the public of $0.23 per share. The gross proceeds of from the offering, before deducting placement agent fees and offering expenses, are $4.37 million. H.C. Wainwright & Co. acted as the exclusive placement agent for the offering. ReWalk intends to use the net proceeds from the offering for (i) sales, marketing and reimbursement expenses related to market development activities and broadening third-party payor coverage and (ii) research and development costs related to, in the shorter term, its ReStore™ exo-suit designed to assist patients who have had a stroke, and, in the longer term, expansion of the Company’s technological platform to address other medical indications affecting the ability to walk. A
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