Nano-X Imaging Ltd. announced a private placement to issue 2,142,858 common shares at an issue price of $14 per share for the gross proceeds of $30,000,012 on July 26, 2023. The company also purchased warrants to purchase up to 2,142,858 ordinary shares. The net proceeds of the offering were approximately $27,000,000, excluding any proceeds that may be received upon the exercise of the warrants, after deducting placement agent fees and other offering expenses payable by the Company.

The warrants have an exercise price of $19.00 per share, are exercisable immediately upon issuance and will expire five years from issuance. The warrants are exercisable for cash only so long as the Company has an effective registration statement covering the issuance of shares upon the exercise of the warrants.