secwatch.observer — SEC 8-K summary
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Issuer:     Microbot Medical Inc. (MBOT)
CIK:        0000883975
Form:       8-K
Filed at:   2024-01-02T23:59:59+00:00
Accession:  0001493152-24-000109
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Microbot Medical raises $2.73M via warrant exercise inducement, issues new series E options
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- Entered inducement letter to exercise 1,685,682 preferred investment options at reduced price of $1.62/share for $2.73M gross proceeds.
- New series E preferred investment options issued at $1.50/share, exercisable immediately for 5.5 years.
- Net proceeds to fund LIBERTY Robotic System development, commercialization, and working capital.
- H.C. Wainwright acted as exclusive placement agent; received 7.0% cash fee and 84,284 placement agent options at $2.025.
- Closing expected January 3, 2024; resale registration statement to be filed within 30 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/883975/000149315224000109/0001493152-24-000109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/883975/000149315224000109/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-000109

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