NantHealth, Inc. announced that it has entered into a securities purchase agreement to issue common shares at a price of $0.39 per share for the gross proceeds of up to $9.5 million on August 28, 2023. The transaction will include participation from returning investor, Nant Capital, LLC and other investors. The transaction will be closed in two tranches for $7,500,000 and $2,000,000 in the first and second tranche respectively.

The investor purchased 15,384,615 shares at an issue price of $0.39 per share for the gross proceeds of $5,999,999.99 in the transaction.