Medovex has priced its initial public offering of 1,391,305 units, each unit consisting of one share of common stock and one Series A Warrant, at a price to the public of $5.75 per unit.
The units are expected to begin trading on The NASDAQ Capital Market on December 19, 2014 under the ticker symbol "MDVXU."
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The closing of the offering is expected to occur on December 24, 2014, subject to customary closing conditions.
Medovex intends to use the net proceeds it receives from the offering to fund its clinical trials and product development, related regulatory expenses, and general administrative expenses, and for general working capital purposes.
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