ReWalk Robotics (NSDQ:RWLK) announced that it is seeking to sell nearly 5.6 million ordinary shares, plus more, worth about $6.2 million.
Marlborough, Mass.-based ReWalk is also offering more than 4.5 million ordinary shares which are issuable upon the exercise of outstanding warrants, according to a news release. ReWalk is also registering ordinary shares issuable upon the exercise of outstanding warrants issued to designees of the placement agent of its private placement.
The three types of shares on offer are referred to as the company’s “securities,” and will not provide any proceeds to ReWalk through sales by the selling shareholders. However, ReWalk will receive proceeds from any warrants exercised for cash in the future, which it expects to total approximately $6.2 million.