InspireMD launches public offering of common stock and warrants
NSPR•InspireMD launched a proposed public offering of common stock or pre-funded warrants, accompanied by warrants, with proceeds intended for research and development, sales and marketing, working capital and general corporate purposes.
1. Offering details
InspireMD commenced a proposed public offering of common stock or, for certain investors, pre-funded warrants in lieu of common stock. The offering includes accompanying common warrants to purchase common stock or pre-funded warrants.
2. Use of proceeds
Net proceeds would fund research and development, sales and marketing, working capital and other general corporate purposes. Underwriters would have a 30-day option to purchase additional securities representing 15% of the shares and pre-funded warrants sold, solely to cover over-allotments. Lake Street Capital Markets is the sole bookrunner.
