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GMVD - G Medical Innovations prices $9.6M in stock offering
G Medical Innovations Holdings Ltd.
2023-03-31 10:13:10 ET
G Medical Innovations ( NASDAQ: GMVD ) priced its underwritten public offering of 12M shares; each share will be sold at a price of $0.80 for gross proceeds of ~$9.6M.
Underwriters granted 45-day option to purchase up to an additional 1.8M shares and/or pre-funded warrants.
Net proceeds to be used for general corporate purposes, the repayment in full of the April 2021 Financing Debentures, and potential M&A.