Nano-X Imaging signs deal for up to $40 million in private share sales
NNOX•Nano-X Imaging entered agreements that could provide up to $50 million through private placements and registered ordinary share sales. Both agreements run for up to 24 months, and the company will pay a $500,000 commitment fee in shares.
1. Potential share financing
Nano-X Imaging entered a standby equity purchase agreement with YA II PN on November 12, 2026, for private placements totaling up to $40 million. A separate agreement provides up to $10 million through registered ordinary share sales. Advance purchases generally price shares at 97% of the lowest daily volume-weighted average price over a three-trading-day pricing period. Drawdowns are optional and subject to conditions, with no minimum purchases or non-usage fees; the agreements run for up to 24 months. The company will pay a $500,000 commitment fee in shares regardless of drawdowns and intends to use proceeds for working capital and general corporate purposes.
