Medigus Ltd. American Depositary Share - MDGS STOCK NEWS

Medigus Ltd. (Nasdaq:MDGS) announced that its 50.1%-owned subsidiary, Smart Repair Pro, Inc., has signed agreements to acquire two brands on the Amazon Marketplace for $700,000. The deal is contingent upon standard closing conditions, including asset inspections. Smart Repair Pro aims to leverage its expertise and technology to enhance the brands' ratings and sales. Currently, the subsidiary manages three successful Amazon brands across various markets, including the U.S., Canada, and Europe.

Medigus Ltd. (Nasdaq: MDGS) announced that the underwriter of its recent public offering exercised its option to purchase an additional 548,960 ADSs at $2.30 each. This adds approximately $9.6 million in gross proceeds, enhancing the company's financial position. The offering was conducted under an effective F-3 registration statement with the SEC. Aegis Capital Corp. served as the sole bookrunner for the offering. Further details and the final prospectus can be requested from Aegis Capital Corp.

Aegis Capital Corp. acted as the Sole Bookrunner for a $8.4 million Follow-On Offering for Medigus (NASDAQ:MDGS). This funding is part of Medigus' efforts in medical-related devices and innovative technologies, including products for Gastroesophageal Reflux Disease (GERD) and biological gels designed for patient protection. Medigus also explores internet technologies, emphasizing investments in ad-tech and e-commerce solutions. The offering is expected to bolster Medigus' financial position and support ongoing projects across its subsidiaries.

Medigus Ltd. announced the closing of an underwritten public offering of 3,659,735 American Depositary Shares (ADSs) at $2.30 each, raising approximately $8.4 million in gross proceeds. The funds are intended for working capital and general corporate purposes. The underwriter holds a 15% option to purchase additional ADSs, potentially increasing gross proceeds to about $9.6 million. This offering is conducted under an effective registration statement with the SEC.

Medigus Ltd. has announced a public offering of 3,659,735 American Depositary Shares (ADSs) priced at $2.30 each, aiming to raise approximately $8.4 million before expenses. The proceeds will be used for working capital and corporate purposes. The underwriter has a 15% over-allotment option, potentially increasing total gross proceeds to $9.6 million. The offering is expected to close around January 13, 2021, following standard conditions. Aegis Capital Corp. is the sole bookrunner for this offering.

Medigus Ltd. (Nasdaq: MDGS) announced plans for an underwritten public offering of American Depositary Shares (ADSs). The offering includes an option for underwriters to buy an additional 15% to cover over-allotments. Proceeds will be utilized for working capital and corporate purposes. The offering's completion is contingent on market conditions, with no guarantees on its size or terms. Aegis Capital Corp. is the sole bookrunner. This offering follows an effective registration statement filed with the SEC.

Medigus Ltd. (Nasdaq: MDGS) announced an agreement to acquire the intellectual property and know-how for a wireless robotic charging pad for electric vehicles. The provisional patent allows for automatic self-alignment during charging. Medigus will pay $75,000 for the rights and plans to invest an additional $150,000 in technology development. This initiative aims to expand Medigus' electric vehicle operations and will be consolidated under a new subsidiary.

Medigus Ltd. (Nasdaq: MDGS) has successfully acquired a controlling interest in Smart Repair Pro, Inc. and Purex, Corp, e-commerce companies showing remarkable growth. In 2020, these companies reported a revenue increase of over 214%, reaching approximately $2.2 million compared to $0.7 million in 2019. Medigus now owns around 50.01% of each company's share capital. Smart Repair Pro plans to launch a new brand and product line, aiming to expand its sales model with a direct online store.

Medigus Ltd. (MDGS) announced that the underwriter of its public offering has fully exercised their option to purchase an additional 1,064,774 American Depositary Shares (ADSs) at $1.83 each. This brings total gross proceeds to approximately $14.93 million before expenses. The offering was made under an F-1 registration statement filed with the SEC. Aegis Capital Corp. acted as the sole bookrunner for this offering.