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Stock impact report

Myomo, Inc. Announces Proposed Public Offering of Common Stock

Myomo Inc. (MYO) 
NASDAQ:AMEX Investor Relations: myomo.com/investor-opportunities
Company Research Source: Business Wire
BOSTON--(BUSINESS WIRE)--Myomo, Inc. (NYSE American: MYO) (“Myomo”), a wearable medical robotics company that offers increased functionality for those suffering from neurological disorders and upper limb paralysis, today announced that it intends to offer and sell shares of its common stock in an underwritten public offering. In connection with the offering, Myomo also expects to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.Craig-Hallum Capital Group is acting as the sole managing underwriter for the offering.Myomo expects to use the net proceeds of the offering, together with its existing cash and cash equivalents, to accelerate its revenue growth by funding an increase in advertising expenses and headcou Show less Read more
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