(correction) g medical innovations holdings ltd announces $7.5 million private placement

Tel aviv and new york, april 18, 2022 (globe newswire) -- g medical innovations holdings ltd. (nasdaq:gmvd) (the “company”), a telehealth, medical device, and remote patient monitoring company providing clinical-grade solutions for consumers, medical professionals, and healthcare institutions, today announced that it has entered into a definitive agreement with a single healthcare-focused institutional investor to purchase 5,000,000 ordinary shares (or ordinary shares equivalents) in a private placement. the company will also issue to the investor warrants to purchase up to an aggregate of 6,250,000 ordinary shares. the purchase price for one ordinary share and one warrant to purchase one ordinary share is $1.50. the warrants have an exercise price of $1.50 per ordinary share, will be immediately exercisable, and will expire five years from issuance.
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