Augmedix announces pricing of upsized public offering of 6,250,000 shares of common stock

San francisco, nov. 16, 2023 (globe newswire) -- augmedix, inc. (nasdaq: augx) (“augmedix”), a healthcare technology company that delivers industry-leading ambient medical documentation and data solutions, today announced that it has priced the previously-announced underwritten public offering of 6,250,000 shares of its common stock, at a public offering price of $4.00 per share. the offering was upsized from 5,500,000 shares of common stock. the gross proceeds to augmedix from this offering are expected to be $25 million, before deducting the underwriting discounts and commissions and other estimated offering expenses payable by augmedix. in addition, augmedix granted the underwriters a 30-day option to purchase an additional 937,500 shares of its common stock. all of the shares to be sold in the proposed offering will be sold by augmedix. the offering is expected to close on or about november 20, 2023, subject to satisfaction of customary closing conditions.
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