Myomo Inc MYO shares are trading lower by 10.08% to $0.43 Thursday morning after the company priced its $6.5 million public offering at $0.325 per share.
The closing of the offering is expected to occur on or about January 17, subject to the satisfaction of customary closing conditions. The company intends to use the net proceeds from this offering for working capital and general corporate purposes.
See Also: Why Atlis Motor Vehicles Shares Are Nosediving Thursday
According to data from Benzinga Pro, MYO has a 52-week high of $8.78 and a 52-week low of $0.37.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
