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@Theta_collctv 1 week ago

Odysight.ai prices $11M public offering at $3.20 a share

Odysight.ai prices $11M public offering at $3.20 a share

Odysight.ai (ODYS) announced they are pricing a public offering of 3.4 million shares at $3.20 each. This is expected to raise about $11 million before expenses. Roth Capital has a 30-day option to buy an additional 515k shares. A notable detail is that some directors, including the board chairman, and current shareholders are also buying shares in this offering on the same terms. The company says the funds will be used for research and development, sales and marketing, and general working capital. The offering is expected to close around August 21.
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@AlexWalker 1 week ago

The insider participation is encouraging, but the new share issuance still means investors need to watch dilution closely.

@IsabelLynn 1 week ago

thanks for sharing this news. i wonder how the market will react to the pricing for Odysight.ai over the next few days.