[6-K] Nano-X Imaging Ltd. Current Report (Foreign Issuer)
Rhea-AI Filing Summary
Nano-X Imaging Ltd reports a registered direct offering to a single institutional investor of 3,826,530 ordinary shares at $3.92 per share. The transaction is expected to generate approximately $15.0 million in gross proceeds after deducting placement agent fees and other offering expenses payable by the company, which will be used for working capital and general corporate purposes.
Titan Partners Group LLC, a division of American Capital Partners, LLC, acted as sole placement agent under a placement agency agreement. For 10 days after the placement agency agreement date, Nanox agreed not to issue or agree to issue additional ordinary shares or equivalents, or file new registration statements other than limited exceptions. Company officers and directors entered 30‑day lock-up agreements after the closing, restricting sales or other disposals of ordinary shares and related securities without the placement agent’s consent.
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Insights
Nano-X raises $15.0M in a registered direct equity offering, adding cash while creating near-term dilution and brief issuance limits.
Nano-X Imaging Ltd completed a registered direct sale of 3,826,530 ordinary shares at
Titan Partners Group LLC served as sole placement agent under customary terms, including indemnification and closing conditions. Nanox agreed to a 10‑day period from the placement agency agreement during which it will not issue additional ordinary shares or equivalents or file new registration statements beyond specified exceptions, limiting near-term equity issuance flexibility. Officers and directors signed 30‑day lock-up agreements after the closing, reducing insider share sales over that span. The overall impact combines added liquidity for the company with incremental equity dilution, with future effects depending on business performance disclosed in subsequent filings.
FAQ
What equity offering did Nano-X Imaging Ltd (NNOX) announce in this 6-K?
Nano-X Imaging Ltd announced a registered direct offering of 3,826,530 ordinary shares at a purchase price of $3.92 per share to a single institutional investor.
How much capital is Nano-X Imaging Ltd (NNOX) raising and how will it be used?
The company expects gross proceeds of approximately $15.0 million after placement agent fees and other offering expenses, to be used for working capital and general corporate purposes.
Who acted as placement agent for Nano-X Imaging Ltds offering and what was their role?
Titan Partners Group LLC, a division of American Capital Partners, LLC, acted as the sole placement agent under a placement agency agreement with customary representations, warranties, indemnification rights, and closing conditions.
What issuance restrictions did Nano-X Imaging Ltd (NNOX) agree to around this offering?
Nano-X agreed for 10 days after the date of the placement agency agreement not to issue or agree to issue ordinary shares or equivalents, or file registration statements, other than the prospectus supplement for this offering or a Form S-8 for employee benefit plans, subject to certain exceptions.
Are Nano-X Imaging Ltds officers and directors subject to a lock-up after the offering?
Yes. Officers and directors signed lock-up agreements under which, subject to certain exceptions, they agreed not to sell or dispose of ordinary shares or related securities for 30 days after the closing without the placement agents prior written consent.
Under which registration statements was Nano-X Imaging Ltds offering made and incorporated?
The offering was made under Nanoxs Form F-3 shelf registration statement (File No. 333-271688), as amended. This report and related exhibits are incorporated by reference into that Form F-3 and the companys Form S-8 (File No. 333-248322).