ReWalk Robotics to offer $32.5 million in direct offering, shares slide 21% premarket

3 weeks ago 13

ReWalk Robotics Ltd. shares RWLK, -7.37% slid 21% successful premarket commercialized Monday, aft the institution said it has entered statement to connection $32.5 cardinal of shares and warrants successful a nonstop offering. The shares are being purchased for $2.035, a discount implicit the stock's closing terms of $2.01 connected Friday. The offering is expected to adjacent connected Sept. 29. Proceeds volition beryllium utilized for sales, selling and costs relating to its aesculapian devices, for merchandise improvement and R&D for its spinal cord wounded instrumentality and for wide corp purposes. Shares person gained 52% successful the twelvemonth to date, portion the S&P 500 SPX, +0.15% has gained 18.6%.

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