Announces $28.6 Million Private Placement

Aug 1, 2020

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.

prnewswire.com/news-releases/dariohealth-announces-28-6-million-private-placement-301103959.html

Twitter:

Ben Rabizadeh
DRIO HUGE bullish raise 229M in financing now positions them to grow rapidly in the OTRK LLVGO 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

Aug 1, 2020

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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, LLVGO are the leaders in a sector with HUGE upside.