Medigus Ltd. announces a private placement by Dexxon Technologies

on .

Medigus announced today that subject to the achievement of certain closing conditions it will issue 6,666,666 Ordinary Shares and 3,333,333 Series 7 Options to Dexxon Technologies 2005 Ltd., for consideration in the amount of NIS 6,600,000 reflecting a price per share of NIS 0.99.

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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