PLSM: Falls 9.4%

Pulsenmore Ltd. 5 million private placement, extending a pullback that followed a sharp rally earlier this week. 5 Million Private Placement The Ramat Gan, Israel-based home ultrasound company said it entered into a securities purchase agreement with a single healthcare-focused institutional investor. 80 per share.

Pulsenmore said the offering price is above the Nasdaq minimum price required under exchange rules. 5 million before fees and expenses. The transaction is expected to close on Friday, subject to customary closing conditions. S.

S. market, increasing market penetration, and advancing strategic initiatives. Pulsenmore said it plans to use the net proceeds for marketing, commercialization activities, and general working capital. Pulsenmore Stock Gives Back Part Of Earlier Rally The decline comes after Pulsenmore shares surged more than 200% in Wednesday’s premarket session following the company’s partnership announcement with Ouma Health.

The companies said they will integrate Pulsenmore’s FDA-authorized home ultrasound platform into Ouma Health’s virtual maternity care model across the United States. 345 during premarket trading on Friday, according to Pro data. Photo via Shutterstock