InspireMD Inc. has successfully secured approximately $58 million in combined gross proceeds through equity private placement and warrant exercises following the FDA's premarket application approval of their CGuard Prime carotid stent system. This financial boost, detailed in their Form 8-K filing, will support the commercialization of the stent system, which is designed to prevent strokes. The PIPE, totaling $40.1 million, was led by investors OrbiMed and Marshall Wace, with contributions from both new and existing investors, as well as InspireMD board members. BofA Securities facilitated the transaction, which is expected to close by August 1, 2025. The funds will be used to enhance sales, marketing, research, and overall operations as InspireMD prepares to expand its market presence in the U.S.
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