ReWalk Robotics may raise $25 million in at-the-market sales agreement

Piper Jaffray is the agent, will be paid a 3% commission on its sales

By Devika Patel

Knoxville, Tenn., May 10 – ReWalk Robotics Ltd. arranged a $25 million at-the-market sales agreement on May 6, according to a prospectus supplement and 8-K filed Tuesday with the Securities and Exchange Commission.

Piper Jaffray & Co. is the agent and will be paid a 3% commission.

Proceeds will be used for general corporate purposes, which may include capital contributions to the bank and debt repayment or redemptions.

The medical device company is based in Yokneam Ilit, Israel.

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