On Thursday, Shares of DarioHealth Corp (NASDAQ:DRIO), added 1.05% and now trading at $2.90 in the current trading session. The current trading range of the stock ranges between $2.85 and $2.97.
DARIOHEALTH CORP. (“DARIO”) (NASDAQ: DRIO), a leading global digital health company with mobile health and big data solutions, recently declared the closing of its formerly declared underwritten public offering of 1,450,000 shares of its common stock at an offering price of $3.10 per share of common stock. Gross proceeds to Dario from this offering are about $4,500,000 before deducting underwriting discounts and commissions and other estimated offering expenses payable by Dario. Dario intends to use the net proceeds from this offering for commercialization efforts of its products, counting raised marketing and production expenses, and for general working capital purposes.
Aegis Capital Corp. acted as the sole book-running manager for the offering. Migdal Investment Banking served as Dario’s Israeli advisor in the offering.
The shares described above were offered by Dario following a shelf registration statement (File No. 333-212644) that was formerly filed with, and declared effective by, the Securities and Exchange Commission (“SEC”). A final prospectus supplement and accompanying base prospectus describing the terms of the offering are on file with the SEC and are available on the SEC’s website.
Analyst recommendation for this stock stands at 2.00.