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DarioHealth prices $23.5M registered direct offering

· · 1 min read
Renren down 2%, repurchases 288M SoftBank shares
DarioHealth prices $23.5M registered direct offering

DarioHealth (NASDAQ: DRIO) said on Wednesday it priced a $23.5M registered direct offering of 3.45M common shares  at $6.80 per share, in compliance with Nasdaq rules. The offering includes the purchase of 14,430 common shares by a member of the company's board at $6.93 per share. The closing of the offering is expected on July 23. Net proceeds wi...

  • DarioHealth (NASDAQ: DRIO) said on Wednesday it priced a $23.5M registered direct offering of 3.45M common shares  at $6.80 per share, in compliance with Nasdaq rules.
  • The offering includes the purchase of 14,430 common shares by a member of the company's board at $6.93 per share.
  • The closing of the offering is expected on July 23.
  • Net proceeds will be used for working capital, investments, acquisitions, and general corporate purposes.
  • The financing includes participation from existing long-term institutional investors and a new global fundamental institutional investor.
  • A.G.P./Alliance Global Partners is serving as the sole placement agent.
  • Shares +3.40%.
Tags: Money Business
Read full story on Seeking Alpha

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