Odysight.ai® (NASDAQ/TASE: ODYS) provided additional information regarding its previously announced at-the-market ("ATM") offering program, clarifying its disciplined approach to capital raising.
Further to the Company's prior announcement regarding its establishment of the program, the Company wishes to provide clarification that currently it does not intend to utilize the facility at or near the current market price of its shares of common stock.
The facility does not oblige the Company to issue or sell any shares. The Company plans to use the facility only under market conditions and at valuation levels that management believes are appropriate in light of the Company's commercial progress, operational needs and long-term prospects.
The Company has not made any determination to undertake sales under the ATM facility at this time, and there can be no assurance as to whether, when or to what extent the facility may be utilized in the future.
Management views the ATM facility as an additional financing tool that may provide useful financial flexibility should the Company determine that additional capital is advisable to support working capital needs, commercial growth initiatives or other strategic objectives.
Login to comment