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

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