Lifeward Ltd. (LFWD), a leader in global rehabilitation solutions, announced on Tuesday that it has finalized a definitive agreement to execute a direct offering of approximately 1.81 million ordinary shares priced at $2.75 each, thereby raising a capital of $5 million.
The funds generated from this offering will be allocated towards commercial initiatives, bolstering working capital, and other corporate purposes.
Simultaneously, Lifeward will issue three-year unregistered warrants for a corresponding number of shares at the same price point.
The company anticipates that the offering will conclude around January 8.
As of Monday, Lifeward's trading concluded at $3.04 on the Nasdaq, marking a 14.29 percent increase, equivalent to $0.38.
