MICROBOT MEDICAL INC. (NASDAQ:MBOT) Files An 8-K Unregistered Sales of Equity Securities
Item 3.02
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Unregistered Sales of Equity Securities
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Company) closed on the previously announced exchange (the
Exchange) of approximately 9,735,925 shares or rights to acquire
shares of the common stock, par value $0.01 per share, of the
Company (the Common Stock) held by Alpha Capital Anstalt (Alpha),
for 9,736 shares of a newly designated class of Series A
Convertible Preferred Stock, par value $0.01 per share (the
Preferred Stock).
from registration under Section 4(a)(2) and/or 3(a)(9) under the
Securities Act of 1933, as amended, and the rules promulgated
thereunder.
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Item 8.01.
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Other Events.
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referred to in Item 3.02 above, the Common Stock held by Alpha
were cancelled, and the Company had issued and outstanding
approximately 26,551,000 shares of Common Stock.
About MICROBOT MEDICAL INC. (NASDAQ:MBOT)
Microbot Medical Inc., formerly StemCells, Inc., is a medical device company. The Company specializes in the researching, designing, developing and commercializing transformational micro-robotic medical technologies leveraging the artificial and natural lumens within the human body. It is engaged in developing its two product candidates: the Self Cleaning Shunt (SCS) for the treatment of hydrocephalus and normal pressure hydrocephalus (NPH), and TipCAT, a self-propelling, semi-disposable endoscope that the Company is developing for use in colonoscopy procedures. Its ViRob technology is an autonomous crawling micro-robot, which can be controlled remotely or within the body. The Microbot SCS device is a robotic system designed as the ventricular catheter portion of a cerebrospinal fluid (CSF) shunt system. The Company’s TipCAT is an endoscope that provides see and treat capabilities within tubular lumens in the human body, such as the colon, blood vessels and the urinary tract. MICROBOT MEDICAL INC. (NASDAQ:MBOT) Recent Trading Information
MICROBOT MEDICAL INC. (NASDAQ:MBOT) closed its last trading session down -0.30 at 6.10 with 70,704 shares trading hands.