DarioHealth secures $28.6M capital raise

• 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.