DarioHealth secures $28.6M capital raise

Jul. 31, 2020 11:22 AM ETDarioHealth Corp. (DRIO)DRIOBy: Douglas W. House, SA News Editor5 Comments
  • Thinly traded nano cap DarioHealth (DRIO -1.1%) is under modest pressure after announcing a private placement of ~3M common shares and ~825K pre-funded warrants at $7.47 per share and $7.4699 per pre-funded warrant to accredited investors. It also sold ~31.5K common shares at $7.94 yesterday.
  • The transaction, yielding proceeds of $28.6M, closed today.

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