Ekso Bionics Holdings Prices $6 Million Public Offering

03:46 AM EDT, 08/30/2024 (MT Newswires) -- Ekso Bionics Holdings (EKSO) said late Thursday it priced a public offering of 6 million units and pre-funded units at $1 and $0.999, respectively, for gross proceeds of about $6 million.

The offering includes 3.1 million units priced at $1 each, each consisting of one share and two types of warrants, and 2.9 million pre-funded units priced at $0.999 each, each including one pre-funded warrant and two types of warrants.

Proceeds from the offering, expected to close by Sept. 3, would be used for general corporate purposes, including growing the EksoHealth segment, R&D, strategic initiatives like potential acquisitions, and working capital needs.

Price: 1.1300, Change: +0.01, Percent Change: +0.89