Financing ·
Odysight.ai Inc. entered into an underwriting agreement for a firm commitment public offering of 3,437,500 shares at…
ODYSOdysight.ai Inc.
Odysight.ai Inc. entered into an underwriting agreement for a firm commitment public offering of 3,437,500 shares at $3.20 per share, generating approximately $11 million in gross proceeds before expenses. The company also granted the underwriter a 30-day option to purchase up to 515,625 additional shares. Concurrently, Odysight terminated its existing at-the-market (ATM) equity offering agreement with Roth Capital Partners, which had authorized sales of up to $20 million but resulted in no prior sales. Net proceeds will fund research and development, commercial scaling, and working capital. The company operates in the artificial intelligence industry, providing AI-powered solutions for healthcare.