Apyx Medical Corporation Announces $7,000,000 Million Registered Direct Offering

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CLEARWATER, Fla., Nov.08, 2024 (GLOBE NEWSWIRE) -- Apyx Medical Corporation (NASDAQ:APYX) ("Apyx Medical" or the "Company"), the manufacturer of a proprietary helium plasma and radiofrequency platform technology marketed and sold as Renuvion®, today announced it has entered into a definitive purchase agreement with Nantahala Capital for the purchase and sale in a registered direct offering of 3,000,000 shares of the Company's common stock at a purchase price of $1.18 per share and pre-funded warrants to purchase up to 2,934,690 shares of the Company's common stock at a purchase price of $1.179 per pre-funded warrant (which represents the per share offering price for common stock less the exercise price per share for each pre-funded warrant of $0.001).

The purchase price of $1.18 per share of common stock was calculated using the average closing price of the Company's common stock on the Nasdaq Global Select Market for the five trading days prior to market close on November 7, 2024.

The gross proceeds to Apyx Medical from the offering were approximately $7,000,000, before deducting offering expenses payable by the Company.

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Author / Journalist: Globe Newswire

Category: InvestingBusiness

Markets: United States

Topics: IPOs News APYX Press Releases

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 12:05:00 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 953 words

Reading Time: 6 minutes read

Sentences: 26 lines

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Copyright Owner: © Benzinga

News ID: 23470693

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