Business News • MarketWire • Medovex Corp. Announces Closing of Over-Allotment Option |
Medovex Corp. Announces Closing of Over-Allotment Option |
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Medovex Corp. Announces Closing of Over-Allotment Option
ATLANTA, GA--(Marketwired - Jan 16, 2015) - Medovex Corp. (NASDAQ: MDVXU), a developer of medical technology products including the DenerveX device, announced it has issued today an additional 208,695 of the Company's units, pursuant to the exercise in full of the underwriters' over-allotment option granted by the Company in connection with its initial public offering completed in December. Each unit consists of one share of common stock and one Series A Warrant at a price to the public of $5.75 per unit. The Company's units began trading on The NASDAQ Capital Market on December 19, 2014 under the ticker symbol "MDVXU". The units are expected to begin trading as separate common stock (MDVX) and warrants (MDVXW) on February 2, 2015. The gross proceeds from the initial public offering, including the over-allotment option, total $9,200,000.
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