Medovex Prices Concurrent Registered Direct Offering

Medovex said Monday it has entered into definitive agreements with investors for the purchase and sale of nearly 3 million shares of common stock at a price of $0.91 per share in a registered direct offering, and and warrants to purchase nearly 1.5 million shares of common stock at an exercise price of $1.15 per share in a concurrent private placement.

The warrants will expire five years from the date of issuance. The stock’s closing price Friday was $0.91. The company says it intends to use the net proceeds for working capital and other general corporate purposes.

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