Company sells shares and warrants to group led by Oracle Investment
By Devika Patel
Knoxville, Tenn., Aug. 13 - Mazor Robotics Ltd. said it will conduct a $7.5 million, or NIS 29.98 million, private placement of stock. The investment group is led by Oracle Investment Management.
The company will sell 7,053,529 ordinary shares at NIS 4.25 per share.
Investors also will receive $7.5 million of three-year warrants. The warrants are each exercisable at the lower of either NIS 6.00 or the 10-day trailing daily volume-weighted average price prior to the exercise date.
Based in Caesarea, Israel, Mazor develops surgical robots and complementary products.
| Issuer: | Mazor Robotics Ltd.
|
| Issue: | Ordinary stock
|
| Amount: | NIS 29,977,498
|
| Shares: | 7,053,529
|
| Price: | NIS 4.25
|
| Warrants: | For $7.5 million of shares
|
| Warrant expiration: | Three years
|
| Warrant strike price: | Lower of either NIS 6.00 or 10-day trailing daily VWAP prior to exercise date
|
| Lead investor: | Oracle Investment Management
|
| Pricing date: | Aug. 13
|
| Stock symbol: | Tel Aviv: MZOR
|
| Stock price: | NIS 4.635 at close Aug. 10
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
