Microbot Medical Trades at 52-Week High After Direct Offering

Dow Jones

06 Jan

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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