Announces $28.6 Million Private Placement

AlenCiken Updated   
NASDAQ:DRIO   DarioHealth Corp
DarioHealth Announces $28.6 Million Private Placement

closed a private placement transaction with accredited investors, including healthcare funds and institutions from the U.S. and Israel

pre-funded warrants to purchase 824,689 shares of common stock at an exercise price of $0.0001 per share. The purchase price per share was equal to $7.47, or the "Minimum Price," pursuant to Nasdaq Rule 5635(d) as of July 28, 2020, and the purchase price of each pre-funded warrant was $7.4699.

The adoption rate of digital therapeutics has been accelerated by the current pandemic.


Ben Rabizadeh
$DRIO HUGE bullish raise $29M in financing now positions them to grow rapidly in the $OTRK $LVGO $TDOC telehealth space! 🚀

This was not a bad offering out of desperation but rather a good offering to fuel the increased demand.

Insider buying-sec fillings 4k
Trade active:
impressive they were able to do a private placement of this size. These are ACCREDITED INVESTORS - i.e. SMART MONEY. $DRIO a medical remote monitoring company. $AAPL, $LVGO are the leaders in a sector with HUGE upside.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.