ReWalk Robotics Announces Closing of Registered Direct Offering for $4.25 Million Priced At-the-Market
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., April 05, 2019 (GLOBE NEWSWIRE) -- ReWalk Robotics Ltd. (Nasdaq: RWLK) (“ReWalk” or the “Company”) today announced the closing of its previously announced registered direct offering of approximately 816,914 ordinary shares at a purchase price of $5.2025 per ordinary share, priced at-the-market. The gross proceeds from the offering, before deducting placement agent fees and offering expenses, are approximately $4.25 million. H.C. Wainwright & Co. acted as the exclusive placement agent for the offering. ReWalk also issued unregistered warrants to purchase up to 408,457 ordinary shares. The warrants have a term of 5.5 years, are exercisable immediately and have an exercise price of $5.14 per ordinary share. 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 re
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