other_material
confidence high
sentiment neutral
materiality 0.75
Microbot Medical completes final PIO exercise closing, raising $29.2M initial gross proceeds
Microbot Medical Inc.
- Three closings: $25.2M (first), $1.2M (second), $2.8M (third) – total $29.2M gross proceeds before fees.
- New series J preferred investment options issued; exercise price $4.50, exercisable after 6 months, 2-year term.
- Potential additional ~$63M if series J options fully exercised on a cash basis (no guarantee).
- Net proceeds to fund development/commercialization of LIBERTY Robotic System and for working capital.
- H.C. Wainwright & Co. served as exclusive placement agent for the offering.