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IceCure Medical (ICCM) prices $5.5M private placement with warrant package

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6-K

Rhea-AI Filing Summary

IceCure Medical Ltd. entered into a private placement with a single healthcare-focused institutional investor for approximately $5.5 million in gross proceeds. The company will issue 1,833,334 pre-funded warrants and accompanying Series D and Series E warrants, all exercisable immediately, with the warrants priced at $3.00 per share and the pre-funded warrants at a $2.9999 combined purchase price with warrants.

IceCure agreed to file a resale registration statement for the underlying ordinary shares and to short-term restrictions on additional equity offerings and variable-rate transactions, alongside 30-day lock-ups for directors and executives. The company plans to use net proceeds for working capital and general corporate purposes and separately reported a 70% increase in its active U.S. commercial ProSense® install base for breast cancer cryoablation following FDA marketing authorization.

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Insights

IceCure raises $5.5M via warrants while tightening near‑term equity issuance.

IceCure Medical arranged a private placement with a single institutional investor, issuing pre-funded and Series D/E warrants at a combined $3.00 per unit for expected gross proceeds of about $5.5 million. All warrants are immediately exercisable, with Series D expiring in 2031 and Series E in 2027.

The company agreed to reprice existing March 2026 Series B and C warrants from $16.50 to $3.00 per share, subject to shareholder approval, extending the life of these instruments. This improves the likelihood of future exercises but also increases potential equity overhang if fully exercised.

Short-term, IceCure accepted restrictions on additional offerings, variable-rate transactions, and insider sales tied to the resale registration’s effectiveness, limiting further dilution mechanisms for several months. Parallel disclosure of a 70% increase in the U.S. ProSense® install base highlights growing commercial adoption but does not quantify revenue impact in this document.

Private placement gross proceeds $5.5 million Expected gross proceeds from June 2026 offering
Pre-funded warrants issued 1,833,334 pre-funded warrants Private placement securities issued to investor
Series D and E warrant coverage 1,833,334 shares per series Series D and Series E warrant share capacity each
Warrant exercise price $3.00 per share Exercise price for Series D, Series E and repriced B/C warrants
Series B warrant term Expires June 18, 2031 Amended expiration date for Series B warrants
Series C warrant term Expires June 18, 2027 Amended expiration date for Series C warrants
ProSense U.S. install base growth 70% increase Growth in active U.S. commercial install base post-FDA authorization
Pre-Funded Warrants financial
"the Company agreed to issue and sell ... pre-funded warrants (“Pre-Funded Warrants”) to purchase 1,833,334 ordinary shares"
Pre-funded warrants are financial instruments that give investors the right to purchase a company's stock at a set price, but with most or all of the purchase price paid upfront. They function like a coupon or gift card for stock, allowing investors to buy shares later at a fixed price, which can be beneficial if they want to avoid future price increases. This makes them important for investors seeking flexibility and certainty in their investment plans.
Variable Rate Transaction financial
"prohibited from effecting or entering into an agreement to effect any issuance ... involving a Variable Rate Transaction"
lock-up agreements financial
"the Company’s directors and executive officers entered into lock-up agreements with the Placement Agent"
A lock-up agreement is a contract that prevents company insiders—founders, employees, and early investors—from selling their shares for a set period after a public stock offering. It matters to investors because it keeps a large block of shares off the market temporarily; when the lock-up ends, those holders can sell and this increased supply can cause the stock price to fall, similar to a timed release that suddenly opens a valve.
resale registration statement regulatory
"requires the Company to file a resale registration statement ... to register the Ordinary Shares issuable upon exercise"
A resale registration statement is a document filed with regulators that allows existing shareholders to sell their shares to the public. It provides the necessary legal approval and information for these shares to be resold on the market, helping to increase the availability of shares for trading. For investors, it signals that shares held by current owners can be offered for sale, potentially affecting share prices and market liquidity.
at-the-market offering program financial
"sales pursuant to the Company’s at-the-market offering program previously entered into with the Placement Agent may be made"
An at-the-market offering program lets a company sell newly issued shares directly into the open market at current trading prices through a broker, rather than issuing a large block of stock all at once. It matters to investors because it provides the company a flexible way to raise cash over time, which can dilute existing shares gradually and affect earnings per share and stock price depending on how much and when shares are sold—think of it as a faucet the company can open or close to add supply to the market.
cryoablation medical
"breast cancer cryoablation following U.S. Food and Drug Administration (FDA) marketing authorization"
A medical treatment that uses extreme cold to freeze and destroy unwanted tissue, such as small tumors or heart tissue causing irregular rhythms; think of it like applying a focused freezer to stop a problem spot without cutting it out. It matters to investors because devices, tools, and drugs tied to cryoablation, plus clinical results, approval status and insurance coverage, can drive sales, shape market adoption and affect the financial outlook of healthcare companies.
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FAQ

What is IceCure Medical (ICCM) raising in its June 2026 private placement?

IceCure is raising approximately $5.5 million in gross proceeds through a private placement with a single institutional investor. The deal involves pre-funded warrants and Series D and E warrants, all immediately exercisable, priced at a combined $3.00 per share and accompanying warrants.

What securities are included in IceCure Medical’s new private placement?

The transaction includes 1,833,334 pre-funded warrants and Series D and Series E warrants to purchase up to 1,833,334 ordinary shares each. The warrants have an exercise price of $3.00 per share and are exercisable immediately upon issuance, with differing expiration dates for Series D and Series E.

How does IceCure Medical (ICCM) plan to use the private placement proceeds?

IceCure currently intends to use the net proceeds from the approximately $5.5 million private placement for working capital and other general corporate purposes. This typically includes funding operations, commercialization efforts, and general business needs without specifying any single dedicated project in this document.

What changes were made to IceCure’s existing March 2026 Series B and C warrants?

IceCure agreed, subject to shareholder approval, to reduce the exercise price of March 2026 Series B and C warrants from $16.50 to $3.00 per share. The Series B warrants will expire in June 2031 and the Series C warrants in June 2027, aligning terms with the new financing.

What short-term issuance and lock-up restrictions affect IceCure Medical after this financing?

From signing until 30 days after the resale registration becomes effective, IceCure generally cannot issue or register additional ordinary shares or equivalents, subject to exceptions. Variable-rate transactions are restricted for six months, and directors and executives agreed to 30-day lock-ups on share sales after registration effectiveness.

What commercial progress did IceCure report for its ProSense breast cancer system?

IceCure reported a 70% increase in its active U.S. commercial ProSense® install base for breast cancer cryoablation following FDA marketing authorization in October 2025. The company cites expanding adoption across major U.S. cities and stronger lead generation at key breast health conferences.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the Month of June 2026 (Report No. 2)

 

Commission File Number: 001-40753

 

ICECURE MEDICAL Ltd.

(Translation of registrant’s name into English)

 

7 Ha’Eshel St., PO Box 3163

Caesarea, 3079504 Israel

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

☒ Form 20-F    ☐ Form 40-F

 

 

 

 

 

 

CONTENTS

 

Private Placement Offering

 

On June 17, 2026, IceCure Medical Ltd. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with an institutional investor (the “Purchaser”), pursuant to which the Company agreed to issue and sell, in a private placement by the Company directly to the Purchaser (the “Offering”) (i) pre-funded warrants (“Pre-Funded Warrants”) to purchase 1,833,334 ordinary shares, no par value per share, of the Company (“Ordinary Shares”), (ii) Series D warrants to purchase up to 1,833,334 Ordinary Shares (“Series D Warrants”) and Series E warrants to purchase up to 1,833,334 Ordinary Shares (“Series E Warrants,” and together with the Series D Warrants, the “Warrants”), at a combined purchase price of $2.9999 per Pre-Funded Warrant and accompanying Warrants.

 

The Purchase Agreement contains customary representations, warranties and agreements by the Company, customary conditions to closing, indemnification obligations of the Company, other obligations of the parties, and termination provisions. The Pre-Funded Warrants are exercisable immediately upon issuance and have an exercise price of $0.0001 per share. The Warrants are exercisable immediately upon issuance and each of the Warrants has an exercise price of $3.00 per share. The Series D Warrants will expire five years following the date of issuance and the Series E Warrants will expire one year following the date of issuance.

  

The Pre-Funded Warrants, Warrants and the Ordinary Shares issuable upon the exercise of the Pre-Funded Warrants and the Warrants have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and are being offered pursuant to the exemption provided in Section 4(a)(2) under the Securities Act and/or Regulation D promulgated thereunder. The Purchase Agreement requires the Company to file a resale registration statement (the “Resale Registration Statement”) as soon as practicable (and in any event within 10 trading days of the date of the Purchase Agreement), to register the Ordinary Shares issuable upon exercise of the Pre-Funded Warrants and Warrants and to use commercially reasonable efforts to cause such registration statement to become effective within 30 days, or within 60 days of the filing of the registration statement in the event the Securities and Exchange (the “Commission”) elects to review such registration statement, and to keep such registration statement effective as provided in the Purchase Agreement.

 

In connection with the Offering, the Company also entered into an agreement to amend certain existing warrants (the “Warrant Amendment Agreement”) that were previously issued on March 27, 2026 to the Purchaser. Such existing warrants originally entitled the investor to purchase up to (i) 266,666 Ordinary Shares of the Company, with an exercise price of $16.50 per share (the “Series B Warrants”) and up to (ii) 266,666 Ordinary Shares of the Company, with an exercise price of $16.50 per share (the “Series C Warrants,” and together with the Series B Warrants, the “Existing Warrants”). The Company has agreed to amend such Existing Warrants to reduce the exercise price to $3.00 per share and amend the termination date of such Existing Warrants such that the Series B Warrants will expire on June 18, 2031, and the Series C Warrants will expire on June 18, 2027. The effectiveness of the amendments described above are subject to approval by the Company’s shareholders.

 

The gross proceeds from the Offering are expected to be approximately $5.5 million, before deducting placement agent fees and other offering expenses. The closing of the Offering is expected to occur on or about June 18, 2026, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the Offering for working capital and other general corporate purposes.

 

On June 17, 2026, the Company entered into a Placement Agency Agreement (the “Placement Agency Agreement”) with A.G.P./Alliance Global Partners (“A.G.P.” or the “Placement Agent”), pursuant to which the Company engaged A.G.P. as the exclusive placement agent in connection with the Offering. The Placement Agent agreed to use its reasonable best efforts to arrange for the sale of the Securities. In addition, under the Placement Agency Agreement the Company agreed to pay the Placement Agent a cash fee equal to 7.0% of the aggregate gross proceeds from the sale of the securities sold in this Offering, except that a reduced cash fee of 3.0% applies to proceeds raised from certain investors mutually agreed upon by the Company and the Placement Agent. The Company agreed to reimburse the Placement Agent at closing for legal and other expenses incurred by them in connection with the offering in an amount not to exceed $50,000.

 

Pursuant to the Purchase Agreement and the Placement Agency Agreement, and subject to certain exceptions, from the date of the Purchase Agreement until 30 days following the effective date of the Resale Registration Statement, neither the Company nor any of its subsidiaries may, without the prior written consent of the Placement Agent, (i) offer, pledge, sell, contract to sell or otherwise dispose of any Ordinary Shares or Ordinary Share Equivalents (as defined in the Purchase Agreement), (ii) file or cause to be filed any registration statement with the Commission relating to the offering of any Ordinary Shares or Ordinary Share Equivalents (other than the Resale Registration Statement contemplated by the Purchase Agreement, any registration statement on Form S-8, and amendments to existing registration statements), or (iii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of Ordinary Shares, whether any such transaction is to be settled by delivery of Ordinary Shares or such other securities, in cash or otherwise. Notwithstanding the foregoing, the foregoing restrictions shall not apply to certain exempt issuances as set forth in the Purchase Agreement.

 

1

 

 

In addition, unless waived by the Purchaser, from the date of the Purchase Agreement until six months following the closing date, the Company is prohibited from effecting or entering into an agreement to effect any issuance by the Company or any of its subsidiaries of Ordinary Shares or Ordinary Share Equivalents involving a Variable Rate Transaction (as defined in the Purchase Agreement), subject to certain exceptions as described in the Purchase Agreement including an exception that sales pursuant to the Company’s at-the-market offering program previously entered into with the Placement Agent may be made starting 30 days following the effective date of the Resale Registration Statement.

 

In connection with the Offering, the Company’s directors and executive officers entered into lock-up agreements with the Placement Agent, pursuant to which they agreed not to, directly or indirectly, offer, sell or otherwise transfer any Ordinary Shares or securities convertible into or exercisable or exchangeable for Ordinary Shares for a period of 30 days following the effective date of the Resale Registration Statement, subject to customary exceptions.

 

The foregoing summaries of the Purchase Agreement, the Placement Agency Agreement, the Warrant Amendment Agreement, the Pre-Funded Warrants, the Series D Warrants and the Series E Warrants do not purport to be complete and are subject to, and qualified in their entirety by, such documents filed as Exhibits 10.1, 10.2, 10.3, 4.1, 4.2 and 4.3, respectively, hereto and incorporated by reference herein.

 

This Report of Foreign Private Issuer on Form 6-K (this “Report”) shall not constitute an offer to sell any securities or a solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

 

Press Releases

 

On June 17, 2026, the Company issued a press release titled “IceCure Reports 70% Growth in Active U.S. Commercial Install Base for Breast Cancer Cryoablation Following FDA Clearance”, a copy of which is furnished as Exhibit 99.1 to this Report. A copy of the press release related to the Offering entitled “IceCure Announces Pricing of $5.5 Million Private Placement Priced At a Premium to the Market Price with a Single Healthcare Focused Institutional Investor” is furnished as Exhibit 99.2 to this Report.

 

Incorporation By Reference

 

This Report (excluding the fifth paragraph of the press release included as Exhibit 99.1 hereto) is incorporated by reference into the Company’s Registration Statements on Form F-3 (File Nos. 333-290046 and 333-258660) and Form S-8 (File Nos. 333-270982, 333-264578, 333-262620 and 333-281587), filed with the Securities and Exchange Commission, to be a part thereof from the date on which this Report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

 

Forward-Looking Statements

 

This Report contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. For example, the Company is using forward-looking statements when it discusses the closing of the Offering, the intended use of the net proceeds from the Offering and amendments of the warrants that are subject to shareholder approval. The Offering is subject to closing conditions and shareholders may not approve the warrant amendments. All statements other than statements of historical facts included in this Report are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company’s current beliefs, expectations and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include the risks and uncertainties described in the Company’s annual report on Form 20-F for the year ended December 31, 2025, filed with the Commission on March 17, 2026, and the Company’s other filings with the Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

 

2

 

 

EXHIBIT INDEX

 

Exhibit No.   Description
4.1   Form of Pre-Funded Warrant.
4.2   Form of Series D Warrant.
4.3   Form of Series E Warrant.
10.1   Form of Securities Purchase Agreement, dated as of June 17, 2026, by and between the Company and the purchaser party thereto.
10.2   Placement Agency Agreement, dated as of June 17, 2026, by and between the Company and A.G.P./Alliance Global Partners.
10.3   Warrant Amendment Agreement, dated as of June 17, 2026, by and between the Company and the purchaser party thereto.
99.1   Press Release dated June 17, 2026, titled “IceCure Reports 70% Growth in Active U.S. Commercial Install Base for Breast Cancer Cryoablation Following FDA Clearance.”
99.2   Press Release dated June 17, 2026, titled “IceCure Announces Pricing of $5.5 Million Private Placement Priced At a Premium to the Market Price with a Single Healthcare Focused Institutional Investor.”

 

3

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  IceCure Medical Ltd.
     
Date: June 18, 2026 By: /s/ Eyal Shamir
    Eyal Shamir
    Chief Executive Officer

 

 

4

 

 

Exhibit 99.1

 

IceCure Reports 70% Growth in Active U.S. Commercial Install

Base for Breast Cancer Cryoablation Following FDA Clearance

 

Increase driven by FDA clearance, clinical guideline support, and increased physician demand. Significant rise in number of leads for ProSense® systems generated at U.S. medical society conferences compared to last year

 

ProSense® breast cancer cryoablation procedures have been performed in major cities across the U.S.

 

CAESAREA, Israel, June 17, 2026 – IceCure Medical Ltd. (Nasdaq: ICCM) (“IceCure”, “IceCure Medical” or the “Company”), today reported a 70% increase in its U.S. active commercial install base of ProSense® for breast cancer cryoablation following U.S. Food and Drug Administration (FDA) marketing authorization in October 2025, reflecting accelerating commercial adoption, expanding physician demand and continued growth in the Company’s U.S. footprint.

 

IceCure develops and commercializes its minimally invasive cryoablation technology that destroys tumors by freezing, offering an option to surgical tumor removal for the local treatment of low-risk breast cancer with adjuvant endocrine therapy for women aged 70 and above, including patients who are not suitable for surgery.

 

IceCure has continued to add new ProSense® systems to its installment base at clinics and hospitals across the U.S. As adoption expands, ProSense® breast cancer cryoablation procedures have been performed in major metropolitan areas throughout the country, including Los Angeles, New York, Atlanta, Dallas, Detroit, Philadelphia, Phoenix, Memphis and many other communities.

 

The Company had strong engagement at two of the leading breast health conferences held this earlier year, the Society of Breast Imaging (“SBI”) Annual Symposium and the American Society of Breast Surgeons (“ASBrS”) Annual Meeting, where IceCure generated significantly more sales leads for ProSense® systems compared to the same events in 2025, prior to FDA authorization, reflecting significantly increased interest from physicians and healthcare providers.

 

“With growing physician interest, expanding clinical acceptance, and increased patient awareness, we believe we remain in the early stages of a significant commercial opportunity for breast cancer cryoablation in the U.S.,” said IceCure’s Chief Executive Officer, Eyal Shamir. “We are focused on continuing to expand our installed base, supporting physicians with training and education and increasing access to ProSense® for eligible patients.”

 

In addition to regulatory approval, other factors driving demand are:

 

Growing Clinical Acceptance - ASBrS recently updated its Resource Guide to recommend cryoablation as a local treatment option for low-risk breast cancer patients, marking an important milestone in the clinical adoption of minimally invasive breast cancer therapies. IceCure believes the updated guidance reflects growing recognition among breast surgeons and healthcare professionals of cryoablation’s potential role in treating appropriately selected patients.

 

Increasing Patient Awareness - Patient awareness of breast cancer cryoablation continues to grow as ProSense® receives broader media attention. Recent coverage by Reuters and local television news segments aired across approximately 190 CBS and CW-affiliated stations nationwide (including Boston, Philadelphia, and Chicago) have highlighted cryoablation as a minimally invasive alternative to surgery for eligible breast cancer patients. IceCure believes this increased visibility is helping educate patients and physicians about available treatment options.

 

 

 

About ProSense®

 

The ProSense® Cryoablation System is the first and only medical device to receive FDA marketing authorization for the local treatment of low-risk breast cancer with adjuvant endocrine therapy for women aged 70 and above, including patients who are not suitable for surgical alternatives for breast cancer treatment. A full list of benefits and risks can be found on the Company’s website.

 

ProSense® is a minimally invasive cryosurgical tool that provides the option to destroy tumors by freezing them. The system uniquely harnesses the power of liquid nitrogen to create large lethal zones for maximum efficacy in tumor destruction in benign and cancerous lesions, including in the breast, kidney, lung, and liver.

 

ProSense® enhances patient and provider value by accelerating recovery, reducing pain, surgical risks, and complications. With its easy, transportable design and liquid nitrogen utilization, ProSense® opens the door to fast and convenient office-based procedures for breast tumors.

 

About IceCure Medical

 

IceCure Medical (Nasdaq: ICCM) develops and markets advanced liquid-nitrogen-based cryoablation therapy systems for the destruction of tumors (benign and cancerous) by freezing, with the primary focus areas being breast, kidney, bone and lung cancer. Its minimally invasive technology is a safe and effective option to surgical tumor removal that is easily performed in a relatively short procedure. The Company’s flagship ProSense® system is marketed and sold worldwide for the indications cleared and approved to date including in the U.S., Europe and Asia.

 

Forward Looking Statement

 

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, IceCure is using forward looking statements in this press release when it discusses: accelerating commercial momentum in the U.S. market and growth in the Company’s U.S. footprint; growing physician interest in and demand for ProSense; expanding clinical acceptance and increased patient awareness of ProSense; the believe that the Company is in the early stages of a significant commercial opportunity for breast cancer cryoablation in the U.S.; the Company’s focus on continuing to expand its installed base, supporting physicians with training and education, and increasing access to ProSense® for eligible patients; and the Company’s belief that increased visibility regarding cryoablation is helping educate patients and physicians about available treatment options. Historical results of scientific research and clinical and preclinical trials do not guarantee that the conclusions of future research or trials will suggest identical or even similar conclusions. Important factors that could cause actual results, developments and business decisions to differ materially from those anticipated in these forward-looking statements include, among others: the Company’s planned level of revenues and capital expenditures; the Company’s available cash and its ability to obtain additional funding; the Company’s ability to market and sell its products; legal and regulatory developments in the United States and other countries; the Company’s ability to maintain its relationships with suppliers, distributors and other partners; the Company’s ability to maintain or protect the validity of its patents and other intellectual property; the Company’s ability to expose and educate medical professionals about its products; political, economic and military instability in the Middle East, specifically in Israel; as well as those factors set forth in the Risk Factors section of the Company’s Annual Report on Form 20-F for the year ended December 31, 2025 filed with the United States Securities and Exchange Commission (“SEC”) on March 17, 2026, and other documents filed with or furnished to the SEC which are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

 

IR Contact:

 

Email: investors@icecure-medical.com

 

Meir Peleg, CFO

 

Phone: +972-54-227-8916

 

 

 

Exhibit 99.2

 

IceCure Announces Pricing of $5.5 Million Private Placement Priced At a Premium to the Market

Price with a Single Healthcare Focused Institutional Investor

 

CAESAREA, Israel, June 17, 2026 /PRNewswire/ -- IceCure Medical Ltd. (Nasdaq: ICCM) (“IceCure”, “IceCure Medical” or the “Company”), developer of minimally-invasive cryoablation technology that destroys tumors by freezing as an option to surgical tumor removal, today announced that it has entered into securities purchase agreements with a single healthcare focused institutional investor, for the purchase and sale of 1,833,334 ordinary shares (or ordinary share equivalents in lieu thereof), Series D Warrants to purchase up to 1,833,334 ordinary shares (the “Series D Warrants”) and Series E Warrants to purchase up to 1,833,334 ordinary shares (the “Series E Warrants,” and together with the Series D Warrants, the “Warrants”) at a combined purchase price of $3.00 per share and accompanying Warrants in a private placement, priced at a premium to the previous Nasdaq closing price for the Company’s ordinary shares. The gross proceeds from the offering are expected to be approximately $5.5 million, before deducting placement agent commissions and other estimated offering expenses. The Warrants will have an exercise price of $3.00 per share and will be exercisable immediately upon issuance. The Series D Warrants will expire five years following the date of issuance and the Series E Warrants will expire one year following the date of issuance.

 

The closing of the offering is expected to occur on or about June 18, 2026, subject to the satisfaction of customary closing conditions. The Company currently intends to use the net proceeds from the offering for working capital and other general corporate purposes.

 

A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering.

 

The offer and sale of the foregoing securities is being made in reliance on an exemption from the registration requirement under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and/or Regulation D promulgated thereunder, and applicable state securities laws, and the securities have not been and will not initially be registered under the Securities Act, or applicable state securities laws. Accordingly, the securities may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws. Pursuant to the terms of the securities purchase agreement entered into with the investor, the Company has agreed to file a registration statement with the U.S. Securities and Exchange Commission (the “SEC”) covering the resale of the ordinary shares and ordinary shares underlying warrants sold in the offering.

 

The Company has also agreed, subject to receipt of shareholder approval to the extent required by applicable law and Nasdaq rules, to amend certain Series B and Series C warrants issued to the investor in March 2026 (the “March 2026 Warrants”) to purchase up to an aggregate of 266,666 ordinary shares. Upon obtaining such shareholder approval, the exercise price of the March 2026 Warrants will be reduced from $16.50 per share, to $3.00 per share. The Series B Warrants will expire in June 2031 and the Series C Warrants will expire in June 2027.

 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities being offered, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

 

 

 

About IceCure Medical

 

IceCure Medical (Nasdaq: ICCM) develops and markets advanced liquid-nitrogen-based cryoablation therapy systems for the destruction of tumors (benign and cancerous) by freezing, with the primary focus areas being breast, kidney, bone and lung cancer. Its minimally invasive technology is a safe and effective option to surgical tumor removal that is easily performed in a relatively short procedure. The Company’s flagship ProSense® system is marketed and sold worldwide for the indications cleared and approved to date including in the U.S., Europe and Asia.

 

Forward-Looking Statements

 

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, IceCure is using forward looking statements in this press release when it discusses: the anticipated proceeds from the offering, the closing of the offering and the anticipated amendment of the March 2026 Warrants, including the receipt of any required shareholder approvals relating thereto. Historical results of scientific research and clinical and preclinical trials do not guarantee that the conclusions of future research or trials will suggest identical or even similar conclusions. Important factors that could cause actual results, developments and business decisions to differ materially from those anticipated in these forward-looking statements include, among others: the Company’s planned level of revenues and capital expenditures; the Company’s available cash and its ability to obtain additional funding; the Company’s ability to market and sell its products; legal and regulatory developments in the United States and other countries; the Company’s ability to maintain its relationships with suppliers, distributors and other partners; the Company’s ability to maintain or protect the validity of its patents and other intellectual property; the Company’s ability to expose and educate medical professionals about its products; political, economic and military instability in the Middle East, specifically in Israel; as well as those factors set forth in the Risk Factors section of the Company’s Annual Report on Form 20-F for the year ended December 31, 2025 filed with the United States Securities and Exchange Commission (“SEC”) on March 17, 2026, and other documents filed with or furnished to the SEC which are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

 

IR Contact:

 

E-mail: investors@icecure-medical.com

Meir Peleg, CFO

 

 

 

Filing Exhibits & Attachments

8 documents