2023-06-06 10:06:07 ET
- Medigus ( NASDAQ: MDGS ) said Tuesday it sold its entire stake in ScoutCam ( OTCPK:SCTC ), a provider of predictive maintenance and condition based monitoring visualization solutions, for ~$6M in cash.
- The buyers were ScoutCam's ( OTCPK:SCTC ) existing shareholders and office holders, led by its largest investor Mori Arkin.
- Other investors included an existing major Israeli institutional investor, ScoutCam ( OTCPK:SCTC ) Chairman Benad Goldwasser, and CEO Yehu Ofer.
- Earlier, Medigus filed for a $30M mixed shelf offering.
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Medigus sells entire stake in ScoutCam for $6M