Odysight.ai Inc. has closed its previously announced public offering of 3,437,500 shares of common stock, generating gross proceeds of $11 million before underwriting discounts and estimated expenses. The company has granted Roth Capital Partners a 30-day option to purchase up to an additional 515,625 shares, representing 15% of the shares sold in the offering. The offering included participation from certain directors, including chairman Benad Goldwasser, Mori Arkin, and Zeev Vurembrand, as well as certain existing shareholders. Odysight.ai intends to use the net proceeds for research and development, sales and marketing, and working capital and general corporate purposes. Roth Capital Partners acted as sole book-running manager, with Benchmark, a StoneX Company, and Chardan serving as financial advisors.
Odysight.ai Inc. Common StockCompany closes $11M public offering, diluting existing shareholders.
NVIDIA Corporation
Stonex Group IncRoth Capital acted as sole book-running manager, earning fees.
