BioSig Technologies falls after pricing stock offering

Streamex

02/07/2021 13:44

** BioSig Technologies  BSGM.O  shares down nearly 9%
premarket as medtech firm prices follow-on
    ** Co sells 2.5 mln shares at $4, 8% discount to stock's
last sale  urn:newsml:reuters.com:*:nGNX6fgr9F
    ** BSGM plans to use net proceeds for continuation of full
commercialization activities related to PURE EP System, its
noise-filtering technology for ECG and intra-cardiac signals
    ** Laidlaw sole book-runner for offering
    ** Co has ~32.2 mln shares outstanding and ~27.6 mln of free
float, per Refinitiv data
    ** Shares gained 21% this week through Thurs close

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))