Lifeward Ltd. (LFWD), a global rehabilitation solutions, Tuesday announced, that it has entered into a definitive agreement for a direct offering of around 1.81 million ordinary shares at $2.75 per share, raising $5 million.
Proceeds will be utilized to fund commercial efforts, working capital, and corporate-related purposes.
Concurrently, the company will issue unregistered three-year warrants for an equal number of shares at the same price.
The offering is expected to close on or about January 8, the company added.
Lifeward closed Monday's trading at $3.04, up 14.29 percent or $0.38 on the Nasdaq.
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