Ekso raises $34 million in fully-financed rights offering
RICHMOND, Calif., Sept. 07, 2017 (GLOBE NEWSWIRE) — Ekso Bionics Holdings, Inc. (NASDAQ:EKSO) (“Ekso” or “Ekso Bionics”), an industry leader in exoskeleton technology for medical and industrial use, today announced the final results of its previously announced rights offering, which expired on August 31, 2017. Through wide participation, the offering was fully financed and Ekso raised $34.0 million of gross proceeds, including a $20.5 million investment by Puissance Capital Management (“Puissance Capital”).
“We believe that this financing reflects growing excitement within the investment community for the potential of our products and technologies,” said Thomas Looby, President and Chief Executive Officer of Ekso Bionics. “The capital raised through this financing will provide us with additional resources to further advance the adoption and development of our innovative exoskeleton solutions in both the rehabilitation and industrial verticals. We are pleased to have Puissance Capital as a new investor as they share our vision for innovating products that will establish a new industry and will help us develop our presence in Asia.”