NNOX - Nano-X Announces Live Demonstration of Its ARC Device
After going public at $20 a share in August, Nano-X Imaging (NASDAQ: NNOX) has been a roller-coaster ride for early investors. The company has a high-quality X-ray device that promises to be 99% cheaper than existing systems. After the IPO, the stock tripled in a matter of weeks, running up to $67 a share in September. Then several prominent shorts alleged that the company and its device were fraudulent . The stock soon crashed, falling back down to $22 a share.
Last night, the small-cap announced that it will do a live demonstration of its device, the Nanox.ARC, at the annual Radiology Society of North America (RSNA) conference, held in Chicago from Nov. 29 to Dec. 5. The demonstration will be live-streamed globally.
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Nano-X Announces Live Demonstration of Its ARC Device