Microbot (MBOT) Extends 4-Day Decline on $63-Million Fundraising Program

Group 1 - Microbot Medical Inc. (NASDAQ:MBOT) has experienced a significant decline, with a 6.93% drop in share price, closing at $3.09, amid concerns over potential dilution from a fundraising program worth $63 million [1][4]. - The company raised $25.2 million from an options exercise, covering 12.06 million shares at prices between $1.5 and $2.13 [2]. - A second offering is expected to close on October 15, with over 1.9 million shares anticipated to be exercised at $2.10 each, potentially raising around $4 million [3]. Group 2 - The net proceeds from the fundraising efforts are intended for the development, commercialization, and regulatory activities of the LIBERTY Robotic System, as well as for potential acquisitions, expansion of applications from its existing IP portfolio, and general corporate purposes [5].