ReWalk Robotics opens $7.2M public offering — 5 takeaways

Spinal Tech

ReWalk Robotics opened a public offering Nov. 17, according to CTECH.

Here are five takeaways:

 

1. ReWalk Robotics offers external robotic skeletons for those suffering from spinal cord injuries. The company has a robotic device for both home and clinical rehabilitation use.

 

2. The offering is for about $6.9 million ordinary shares at $1.05 per share.

 

3. The gross proceedings equal about $7.2 million.

 

4. National Securities Corporation is the sole underwriter.

 

5. The offering will likely close Nov. 21.

 

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