Medigus (TASE:MDGS) completed a public issuance of shares and options in the total amount of NIS 24.8 million

on .

Omer, Israel - October 21, 2013

Medigus Ltd (TASE: MDGS) is pleased to announce that it completed a public issuance of shares and options on Thursday, October 17, 2013, in the total amount of NIS 24.8 million (approximately $7 million). During the issuance, which was held pursuant to the company's shelf prospectus, the company issued approximately 34.5 million shares at NIS 0.72 per share, constituting approximately 21% of the present voting rights in the company, together with approximately 17.3 million options with an exercise price of NIS 1.08 with a 3-year exercise period. OrbiMed Israel as well as US investment funds took part in the offering. The company is grateful to its investors for their participation in the shelf offer.


ScoutCam specializes in developing minimally invasive endosurgical tools and highly innovative imaging solutions. As an expert in micro-endoscopic devices, ScoutCam has developed a range of micro CMOS (complementary metal-oxide semiconductor) and CCD (charge-coupled device) video cameras, including micro ScoutCam™ 1.2, which to the best of the company's knowledge, is the smallest in the world. These innovative cameras are suitable for both medical and industrial applications. Based on its proprietary technologies, ScoutCam designs and manufactures endoscopy and micro camera systems for partner companies, including major players in the medical and industrial fields. The company is committed to providing integrated solutions to meet all of its customer's imaging needs.

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