Augmedix, inc. announces uplisting to nasdaq and pricing of public offering of $40,000,000 of common stock

San francisco, oct. 25, 2021 (globe newswire) -- augmedix, inc. (nasdaq: augx) ("augmedix"), a leading provider of virtual medical documentation and live clinical support, today announced the pricing of an underwritten public offering of 10,000,000 shares of its common stock (“common stock”) at a public offering price of $4.00 per share. in addition, augmedix has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of common stock at the public offering price less the underwriting discounts and commissions. gross proceeds from the offering before expenses and underwriting commissions are expected to be $40,000,000.00. the offering is expected to close on or about october 28, 2021 subject to customary closing conditions. augmedix plans to use the net proceeds it receives from the offering to fund increased investment in sales and marketing, research and development and general and administrative costs as augmedix increases its scale.
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