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home / news releases / MDGS - Medigus shares down after pricing $13M ADS


MDGS - Medigus shares down after pricing $13M ADS

Medigus (MDGS) has priced 7,098,491 American Depositary Shares at $1.83/ADS, for gross proceeds of ~$13M. Underwriters' over-allotment is an additional 15% of the number of ADSs offered.Offering is expected to close on December 4.Net proceeds will be used for working capital and general corporate purposes.Shares down 7.4% premarket.

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Medigus shares down after pricing $13M ADS
Stock Information

Company Name: Medigus Ltd.
Stock Symbol: MDGS
Market: NASDAQ

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