other material
confidence high
sentiment negative
materiality 0.70
DarioHealth Raises ~$6.8M via Series D Convertible Preferred Private Placement
DarioHealth Corp.
- Sold 4,974 shares of Series D-2 and 1,850 shares of Series D-3 preferred at $1,000 each for ~$6.8M gross.
- Conversion price initially $0.83 per share; subject to stockholder approval; auto-convert after 12 months.
- Preferred stock pays 10% quarterly dividend in common shares for four quarters after issuance.
- Closing expected by January 14, 2025; securities exempt from registration under Rule 506(b).