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 story : ReWalk Robotics to offer .5 million in direct offering, shares slide 21% premarket #FinanceUSA #StockMarketNEWS ReWalk Robotics Ltd. shares slid 21% in premarket trade Monday, after the company

@stockMarketNEWS 20 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

ReWalk Robotics to offer .5 million in direct offering, shares slide 21% premarket #FinanceUSA #StockMarketNEWS
ReWalk Robotics Ltd. shares slid 21% in premarket trade Monday, after the company said it has entered agreement to offer .5 million of shares and warrants in a direct offering. The shares are being purchased for .035, a discount over the stock's closing price of .01 on Friday. The offering is expected to close on Sept. 29. Proceeds will be used for sales, marketing and costs relating to its medical devices, for product development and R&D for its spinal cord injury device and for general corporation purposes. Shares have gained 52% in the year to date, while the S&P 500 has gained 18.6%.


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