ReWalk Robotics Raises $20M in Direct Offering

Ticker: LFWD · Form: 8-K · Filed: Apr 3, 2024 · CIK: 1607962

Rewalk Robotics LTD. 8-K Filing Summary
FieldDetail
CompanyRewalk Robotics LTD. (LFWD)
Form Type8-K
Filed DateApr 3, 2024
Risk Levelmedium
Pages2
Reading Time2 min
Sentimentneutral

Sentiment: neutral

Topics: offering, financing, equity

TL;DR

ReWalk just raised $20M from investors at $1.98/share, closing soon.

AI Summary

ReWalk Robotics Ltd. announced on April 3, 2024, that it has entered into a securities purchase agreement with institutional investors for a registered direct offering. The company will issue approximately 10.1 million ordinary shares at a price of $1.98 per share, expecting to raise gross proceeds of about $20 million before deducting offering expenses. This offering is expected to close on or about April 5, 2024.

Why It Matters

This capital infusion provides ReWalk Robotics with additional funds to continue its operations and development in the exoskeleton technology sector.

Risk Assessment

Risk Level: medium — The company is raising capital through a direct offering, which can dilute existing shareholders and may indicate a need for funds.

Key Numbers

Key Players & Entities

FAQ

What is the purpose of the registered direct offering?

The filing indicates the offering is to raise capital for the company's operations and general corporate purposes.

Who are the purchasers in this offering?

The purchasers are identified as institutional investors.

What is the expected closing date for the offering?

The offering is expected to close on or about April 5, 2024.

What is the total number of shares being issued?

Approximately 10.1 million ordinary shares are being issued.

What is the net proceeds expected from the offering?

The filing states gross proceeds of approximately $20 million before deducting offering expenses, but does not specify net proceeds.

Filing Stats: 503 words · 2 min read · ~2 pages · Grade level 10.7 · Accepted 2024-04-03 07:34:09

Filing Documents

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On April 3 , 2024, the Company posted to the "Investors" section of its website an investor presentation slideshow (the "Presentation"), which is furnished herewith as Exhibit 99.1. The Company intends to use the Presentation from time to time in making presentations to analysts, potential investors, and other interested parties. This information is being furnished pursuant to Item 7.01, "Regulation FD Disclosure," and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) 99.1 Investor presentation.* 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). *Furnished herewith

SIGNATURES

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 hereunto duly authorized. ReWalk Robotics Ltd. Dated: April 3, 2024 By: /s/ Michael Lawless Name: Michael Lawless Title: Chief Financial Officer

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