ReWalk Robotics Announces Closing of Registered Direct Offering for $5.0 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., June 12, 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 833,334 ordinary shares at a purchase price of $6.00 per ordinary share, priced at-the-market. The gross proceeds from the offering, before deducting placement agent fees and offering expenses, are approximately $5.0 million. H.C. Wainwright & Co. acted as the exclusive placement agent for the offering. ReWalk also issued unregistered warrants to purchase up to 416,667 ordinary shares. The warrants have a term of 5.5 years, are exercisable immediately and have an exercise price of $6.00 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 of the ReStore device and broadening third-party payor coverage for the ReWalk Personal d
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