Medigus Ltd. American Depositary Share - MDGS STOCK NEWS

Medigus Ltd. (Nasdaq: MDGS) announced its subsidiary, Smart Repair Pro, received regulatory approvals to launch sales on Amazon.de in Germany, the second-largest Amazon marketplace. CEO Victor Hachmon noted this expansion aligns with their strategy to grow revenue and reach more consumers. The companies utilize AI and machine learning for market analysis and plan to enhance their product offerings. This expansion is expected to contribute positively to Medigus' future revenue.

Medigus Ltd. (Nasdaq: MDGS) successfully completed an $8.5 million follow-on offering, facilitated by Aegis Capital Corp. as the sole bookrunner. The funds raised will support Medigus' focus on medical devices and internet technologies, including its innovative surgical technology for treating GERD and miniaturized imaging equipment through its subsidiary Scoutcam. The offering aims to enhance Medigus' capabilities in both medical and digital sectors, reflecting the company's ambition for growth and innovation.

Medigus Ltd. (MDGS) has successfully closed an underwritten public offering of 3,258,438 American Depositary Shares (ADSs) at a price of $2.60 each, raising approximately $8.5 million before costs. The company plans to utilize the net proceeds for working capital and general corporate purposes. There is a 15% over-allotment option available to the underwriter, which could increase total proceeds to around $9.7 million. The offering was made under an effective registration statement previously filed with the SEC.

Medigus Ltd. announced a public offering of 3,258,438 American Depositary Shares (ADSs), priced at $2.60 per ADS, aiming to raise approximately $8.5 million before costs. The funds will be directed towards working capital and general corporate purposes. The offering is scheduled to close around March 1, 2021, pending customary conditions, with a potential additional gross proceeds of $9.7 million if the underwriter's over-allotment option is fully exercised. Aegis Capital Corp. serves as the bookrunner.

Medigus Ltd. (NASDAQ: MDGS) announced an intention to offer American Depositary Shares (ADSs) in an underwritten public offering. The company plans to grant the underwriter a 15% option for over-allotments, exercisable for 45 days post-offering. Proceeds will be allocated for working capital and corporate purposes. The offering depends on market conditions, and there's no guarantee regarding completion or terms. Aegis Capital Corp. serves as the sole bookrunner. This follows an effective registration statement with the SEC from May 2020.

Medigus Ltd. (NASDAQ:MDGS) announced an exclusive licensing agreement between its subsidiary Eventer Technologies Ltd. and Screenz Cross Media Ltd., focusing on the virtual conference market. Eventer will invest $1.5 million for adapting Screenz's technology, predicting substantial growth due to the COVID-19 pandemic. The global virtual events market was valued at $77.98 billion in 2019, expected to grow at a 23.2% CAGR through 2027. Adaptation of technology is anticipated to complete in the second half of 2021, with Screenz entitled to 8% of revenue from the product.

Medigus Ltd. (NASDAQ:MDGS) has announced the formation of a joint venture, NewCo, for developing urban and logistics electric vehicles aimed at improving last-mile delivery solutions. This venture includes notable partners Amir Zaid and Weijian Zhou, founders of EMuze. Medigus plans to invest up to $1.35 million to gain a potential 50.1% ownership in NewCo based on achieving specific milestones, starting with an initial investment of $250,000.

The joint venture aims to create EVs that can operate a full working day on a single charge.

Medigus Ltd. (Nasdaq: MDGS) announced the appointment of Mori Arkin to the board of its subsidiary, ScoutCam Inc. (OTCQB: SCTC). Arkin, who previously invested $2 million in ScoutCam, replaces Dr. Irit Yaniv on the board, reflecting his confidence in the company’s potential beyond medical visualization. His involvement is anticipated to enhance ScoutCam's business opportunities in various sectors, including maintenance and predictive technologies. Arkin's background includes founding and growing Arkin Holdings, with a significant portfolio in healthcare and pharmaceuticals.

Medigus Ltd. (Nasdaq: MDGS) has announced the development of a robotic wireless charging pad for electric vehicles through its new subsidiary, Charging Robotics Ltd. Initial testing will occur in collaboration with a university in Israel. The autonomous system aims to provide on-demand charging anywhere, utilizing state-of-the-art Wireless Power Transfer (WPT) technology. Once fully developed, it will enable seamless charging of vehicles, enhancing convenience for electric vehicle users.