Pulsenmore $7.5 Million Private Placement
The Ramat Gan, Israel-based home ultrasound company said it entered into a securities purchase agreement with a single healthcare-focused institutional investor.
The agreement includes the sale of 1,562,500 ordinary shares and warrants to purchase up to 1,562,500 additional ordinary shares at a combined price of $4.80 per share. Pulsenmore said the offering price is above the Nasdaq minimum price required under exchange rules.
The company expects gross proceeds of about $7.5 million before fees and expenses. The transaction is expected to close on Friday, subject to customary closing conditions.
Funds To Support U.S. Expansion
