Nanox Imaging has entered into a securities purchase agreement with a single institutional investor for the sale of 8 million ordinary shares and accompanying warrants. Gross proceeds are expected to be approximately $8 million.
The warrants carry an exercise price of $1.15 per share, are exercisable six months following issuance, and expire five years from the closing date, according to the company. The offering is expected to close on or about August 7, with net proceeds intended for working capital and general corporate purposes, Nanox said.
