ReWalk Plans $40M Private Placement To Fund Marketing, R&D Of Exoskeletons

ReWalk plans to use the proceeds to fund sales, R&D and reimbursement expenses related to its ReStore and Personal 6.0 devices as it continues to face negative effects of pandemic.

Exoskeleton

Exoskeleton company ReWalk Robotics Ltd. is planning to raise $40m in a private placement to fund commercialization of its rehabilitation and mobility aids.

The Israel-based company announced on 19 February it entered into a securities purchase agreements with certain institutional and other accredited investors to raise $40m through the issuance of 10,921,502 ordinary shares and warrants to buy up to 5,460,751 ordinary shares at a purchase price of $3

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