Motus gi announces $3.5 million private placement priced at-the-market under nasdaq rules

Fort lauderdale, fla., may 18, 2023 (globe newswire) -- motus gi holdings, inc., (nasdaq: mots) (“motus gi” or the “company”), a medical technology company focused on improving endoscopic outcomes and experiences, today announced that it has entered into definitive agreements for the issuance and sale of an aggregate of 4,142,012 shares of its common stock (or common stock equivalent in lieu thereof) and warrants to purchase up to an aggregate of 4,142,012 shares of common stock, at a purchase price of $0.845 per share and accompanying warrant in a private placement priced at-the-market under nasdaq rules. the private placement is expected to close on or about may 19, 2023, subject to the satisfaction of customary closing conditions.
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