Nano-X Imaging slides after $15 mln direct stock deal

Vaso

24/11/2025 15:09

** Shares of medical imaging tech firm Nano-X Imaging NNOX.O down 8.3% to $4 early Mon after equity raise

    ** Israel-based NNOX said on Sun it sold ~3.8 mln shares to a single institutional investor for gross proceeds of ~$15 mln for working capital, general purposes

    ** Purchase price equates to about $3.92. Stock on Fri closed up 26% at $4.36

    ** CEO Erez Meltzer says
    capital raise further strengthens balance sheet, accelerates growth initiatives including advancing technologies, expanding market presence and enhancing AI infrastructure

    ** Early Thurs, co reported Q3 rev increased to $3.4 mln from $3 mln a year ago, and said expects 2026 rev of $35 mln

    ** Early Weds, co said agreed to buy VasoHealthcare IT, a U.S.-based healthcare information technology provider, from Vaso Corp VASO.PK
    for up to $800,000

** NNOX has ~65.38 mln shares outstanding, per LSEG data

** Including the move on the session, stock up about 41% over the past week since hitting intraday record low of $2.78 last Mon

    ** All 4 analysts covering NNOX are bullish with median PT of $7.50 - LSEG

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))