Odysight.ai (ODYS) said late Monday it priced a public offering of about 3.3 million common shares at $6.50 each for expected gross proceeds of about $21.5 million.
The sole book-running manager will have a 30-day option to buy up to an additional 496,153 shares.
The company's stock has been approved for listing and is expected to start trading on the Nasdaq Capital Market under the symbol "ODYS" on Tuesday. The offering is expected to close on Wednesday.
The company plans to use the net proceeds for expanded research and development, sales and marketing, working capital and general corporate purposes, it said.
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