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MDGS - Medigus under pressure on pricing ADSs underwritten public offering
Medigus Ltd.
Medigus (MDGS) slumped 16.5% in premarket trade after pricing its earlier announced underwritten public offering of ?3.7M ADSs; each ADS is being sold to the public at $2.3.Underwriters granted 30-day option to purchase an additional 15% of ADSs offered.Gross proceeds are estimated to be ~$8.4M.Net proceeds to be used for general corporate purposes.Offering is expected to close on or about Jan.13, 2021.