NMTC - NeuroOne Medical Technologies falls after announcing proposed public offering of common stock

2023-07-24 16:47:46 ET

• NeuroOne Medical Technologies Corporation ( NASDAQ: NMTC ) falls 29% in extended trading after announcing proposed public offering of its common stock.
• All of the shares of common stock to be sold in the proposed offering will be sold by the company.
• In addition, NeuroOne intends to grant the underwriter a 30-day option to purchase up to additional 15% of the shares of its common stock sold in the offering.
• The company intends to use the proceeds to support the commercial launch of the EVO sEEG electrode with Zimmer Biomet and complete the design of a novel drug delivery electrode, among other general corporate purposes.
• Source: Press Release

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