NSPR - InspireMD shares slide on pricing upsized $18M securities offering

InspireMD (NSPR) -7.5% premarket on pricing upsized public offering 29,032,258 units at $0.62, for gross proceeds of $18M (or $20.7M if the underwriters exercise their option). Each unit consists one share of common stock and one Series G Warrant to purchase one-half of one common share at $0.682/share. Offering is expected to close on February 8.Underwriters' over-allotment is an additional 4,354,838 units consisting of 4,354,838 common shares and/or 2,177,419 Series G Warrants.

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InspireMD shares slide on pricing upsized $18M securities offering