QualityStocksNewsBreaks – Myomo Inc. (NYSE: MYO) Announces $5M Warrant Exchange
Myomo (NYSE: MYO), a wearable medical robotics company that offers improved arm and hand function for those suffering from neurological disorders and upper limb paralysis, has entered into agreements regarding existing 2020 investor warrants. The agreements are with certain shareholders of its investor warrants exercisable for 1,015,798 shares of its common stock. According to the announcement, these shareholders agreed to exercise their warrants for cash; the warrants were offered at an exercise price of $5 per share. The company anticipates receiving $5.1 million gross proceeds from the exercise of the existing warrants. Roth Capital Partners acted as the sole book-running…
