other material
confidence high
sentiment neutral
materiality 0.70
Myomo prices $15M public offering of 3M shares at $5.00; underwriter option exercised in full
MYOMO, INC.
- 3,000,000 shares priced at $5.00 each; gross proceeds of $15.0M expected before expenses.
- Net proceeds estimated at ~$15.8M after underwriting discounts and offering expenses.
- Underwriter's 30-day option for 450,000 additional shares exercised in full.
- Proceeds to fund advertising, headcount, O&P channel, product development, working capital.
- Offering expected to close December 6, 2024; Craig-Hallum sole managing underwriter.