Brief: Dario Acquires Twill Creating Comprehensive Digital Health Platform Across Most Prevalent Chronic Conditions

DarioHealth

21/02/2024 11:05

Feb 21 (Reuters) - DarioHealth Corp  DRIO.O :
    * DARIO ACQUIRES TWILL CREATING ONE OF THE MOST
COMPREHENSIVE
DIGITAL HEALTH PLATFORM ACROSS THE MOST PREVALENT CHRONIC
CONDITIONS
    * DARIOHEALTH CORP: ACQUISITION IS IMMEDIATELY ACCRETIVE TO
REVENUE AND GROSS MARGINS AND EXPECTED TO ACCELERATE PATH TO
PROFITABILITY
    * DARIOHEALTH CORP - CONCURRENT WITH ACQUISITION DARIO
PRICES
$22.4 MILLION EQUITY FINANCING
    * DARIOHEALTH CORP: CONCURRENT WITH ACQUISITION DARIO PRICES
$22.4
MILLION EQUITY FINANCING
    * DARIOHEALTH CORP - PAID $10 MILLION OF CASH AND AGREED TO
ISSUE
ABOUT 10 MILLION SHARES OF COMMON STOCK IN FORM OF PRE-FUNDED
WARRANTS
    * DARIOHEALTH CORP: ACQUISITION OF TWILL IS EXPECTED TO
NEARLY
DOUBLE PRO FORMA 2023 REVENUE AND GROSS MARGINS REACH ABOUT
80-85% BY 2025

Source text for Eikon:  ID:nPn50smRPa 
Further company coverage:  DRIO.O 

 ((Reuters.Briefs@thomsonreuters.com))