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.

Odysight.ai Inc. priced a firm commitment underwritten public offering of 3,437,500 shares of common stock at $3.20 per share on August 20, 2026. The transaction generates approximately $11 million in gross proceeds before deducting underwriting discounts and estimated offering expenses. Roth Capital Partners served as the sole book-running manager for the equity issuance. The company granted an option to purchase up to 515,625 additional shares at the same price. Proceeds are intended for research and development, sales and marketing, working capital, and general corporate purposes. The offering is expected to close on or about August 21, 2026. Odysight.ai Inc. develops visual monitoring AI solutions using small sensors to monitor critical safety components in hard-to-reach locations.

Odysight.ai Inc. reported first-half 2026 financial results showing revenues of $0.5 million and a net loss of $9.5 million. The company holds approximately $17.6 million in cash with no debt. Backlog increased to $16.45 million from $14.1 million at the end of June 2026. Key commercial developments include receiving its first direct purchase order from Boeing for AI-powered predictive maintenance solutions, a proof-of-concept order from Honeywell Aerospace, and a deployment order from Elbit Systems on behalf of the Israeli Ministry of Defense. The company also announced successful U.S. test flights on a UH-60 Black Hawk helicopter with XP Services and signed a Cooperative Research and Development Agreement (CRADA) with the U.S. Navy’s Naval Air Warfare Center Aircraft Division. Odysight.ai Inc. operates in the aerospace, defense, and industrial markets, providing AI-powered visual sensing and predictive maintenance solutions.