- GlucoTrack (GCTK) announced the pricing of an underwritten public offering of shares to the value of around $10 million dollars
- The offer consists of 7,352,942 shares of common stock and pre-funded warrants at a price to the public of $1.36
- New York-based Aegis Capital is the sole underwriter for the offering
- Glucotrack is focused on easing glucose monitoring with a range of products focused on managing the needs of both Type 1 and Type 2 diabetes
- GlucoTrack stock (NASDAQ: GTCK) is down 50 per cent on the day with shares trading at US$1.37
GlucoTrack (GCTK) announced the pricing of an underwritten public offering of shares to the value of roughly $10 million dollars.
The offer consists of 7,352,942 shares of common stock and pre-funded warrants at a price of $1.36.
New York-based Aegis Capital is the sole underwriter for the offering. The offering is expected to close on April 17, 2023.
About GlucoTrack
GlucoTrack, is a medical device, and digital health platform company.
By narrowing in on diabetes and prediabetes the company hopes to use the net proceeds from this offering for working capital and general corporate purposes.
Glucotrack eases glucose monitoring with a range of products managing the needs of both Type 1 and Type 2 diabetes.
Additionally, the company has developed GlucoTrack®, a proprietary non-invasive glucose monitoring device designed to obtain glucose level measurements.
The result is no pain or discomfort of conventional invasive finger stick devices and a reduction in cost.
GlucoTrack (GTCK) is down 50 per cent on the day, trading at US$1.37 at close.
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