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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