Motus Gi Holdings Inc (MOTS) has released an update.
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Motus GI Holdings, Inc. negotiated a warrant exchange agreement, allowing a holder to exercise existing warrants at a reduced price, in exchange for issuing new series B-1 and B-2 warrants for additional shares. The company anticipates raising approximately $2.7 million from this transaction, aiming to boost working capital and general corporate purposes. The deal, advised by A.G.P./Alliance Global Partners, is set for completion around February 26, 2024, with the company also committing to a registration statement for the resale of these new shares, ensuring SEC compliance and investor flexibility.
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