By Dean Seal
Shares of Microbot Medical hit a 52-week high after the company concurrently launched a direct offering and a private placement.
The stock jumped 58% to a high of $3.38 on Monday. Shares were trading at $1.38 this time a year ago.
The pre-commercial medical-technology company said before the bell that it has agreed to sell 4 million shares at $1.75 apiece in a direct at-the-market offering, as well as options to buy up to 8 million shares at that price in a private placement.
Both offerings are expected to close on Tuesday.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
January 06, 2025 13:17 ET (18:17 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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