Microbot Medical Stock Slides From 52-Week High

Dow Jones

Jan 08, 2025

By Dean Seal

Shares of Microbot Medical pulled back from the 52-week high they hit on Monday after the company said it raised $11.8 million from recent offerings.

The stock was down 6%, at $2.66, in aftermarket trading. Shares closed at $1.38 this time a year ago.

Shares hit a high of $3.38 on Monday, after the company said it had launched a direct offering and a private placement.

The company said after Tuesday's closing bell that it raised $11.8 million in gross proceeds from the direct offering of 4 million shares at $1.75 a piece, its private placement of 8 million shares at that same price, and a previously announced at-the-market facility.

The proceeds will be used for continued development, commercialization and regulatory activities for the company's Liberty Robotic System.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

January 07, 2025 18:00 ET (23:00 GMT)

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Shares closed at $1.38 this time a year ago. \n\n\n  Shares hit a high of $3.38 on Monday, after the company said it had launched a direct offering and a private placement. \n\n\n  The company said after Tuesday's closing bell that it raised $11.8 million in gross proceeds from the direct offering of 4 million shares at $1.75 a piece, its private placement of 8 million shares at that same price, and a previously announced at-the-market facility. \n\n\n  The proceeds will be used for continued development, commercialization and regulatory activities for the company's Liberty Robotic System. \n\n\n \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 07, 2025 18:00 ET (23:00 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}