Benzinga | Sep 23, 2020 05:54AM EDT

NanoVibronix Increased Previously Announced Bought Deal to $1.8M

NanoVibronix, Inc.,(NASDAQ:NAOV) announced that, due to demand, the underwriter has agreed to increase the size of the previously announced public offering and purchase on a firm commitment basis 1,794,783shares of common stock of the Company, at a price to the public of $1.00 per share, less underwriting discounts and commissions. The closing of the offering is expected to occur on or about September 25, 2020, subject to satisfaction of customary closing conditions.

H.C. Wainwright& Co. is acting as the sole book-running manager for the offering.