BUZZ-SS Innovations plunges on planned $50 million share sale

Reuters

02/03

BUZZ-<a href="https://laohu8.com/S/SSII">SS Innovations</a> plunges on planned $50 million share sale

** Surgical robotics firm SS Innovations International's SSII.O shares plunge 19.9% to $3.39

** SSII eyes $50 million follow-on stock sale to fund the commercialization of its surgical robotic platform, among other purposes

** Roth Capital Partners and Needham & Company are joint-book-running managers for offering

** SSII, which uplisted to Nasdaq in 2025, makes surgical robotic system and surgical instruments

** Co has 194.36 million outstanding shares, according to offering prospectus

** As of last close, SSII stock down 25.5% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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