Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

Why Motus GI Holdings (MOTS) Shares Are Down 46%

Motus GI Holdings Inc (NASDAQ: MOTS) shares are trading lower by 46% to $1.16 Tuesday morning after the company announced pricing of a public offering of around 3.3 million shares of common stock, along with warrants, aiming to raise about
byHenry Khederian
December 19, 2023
1 minute read
Total
0
Shares
0
0
0
0
0
0

Motus GI Holdings Inc (NASDAQ:MOTS) shares are trading lower by 46% to $1.16 Tuesday morning after the company announced pricing of a public offering of around 3.3 million shares of common stock, along with warrants, aiming to raise about $5.0 million before expenses.

The offering includes Series A and Series B warrants with exercise prices of $1.50 per share. Series A warrants expire in five years, while Series B warrants expire in eighteen months.

The company plans to close this offering around December 21, and intends to use the funds for general corporate purposes and working capital.

See Also: Nasdaq, S&P 500 Futures Bounce Higher As Santa Claus Rally Awaits

According to data from Benzinga Pro, MOTS has a 52-week high of $23.39 and a 52-week low of $1.16.

 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

Digging For Dividend Gold? Check Out These 2 High-Yield Mining Stocks

By Robert Kuczmarski
August 30, 2:21 PM
With inflation running hot and the U.S. dollar becoming stronger, a solid hedge for an investor could be gold mining stocks. During times of recession, gold commodities tend to increase in value as the demand rises. Here are two gold mining stocks with generous dividend yields for a diversified portfolio.

AEM