Myomo readies $17m offering

Myomo said late last week it is looking to raise approximately $17.4 million in a new offering of shares and warrants to support its myoelectric braces and orthotics designed for individuals with neuromuscular disorders.

In the offering the company plans to float approximately 1.5 million shares of common stock and warrants to purchase an additional 750,000 shares at an assumed combined offering price of $6.25 per share and 0.5 warrants.

Read the whole story on our sister site, The Robot Report

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