Myomo Inc (NASDAQ:MYO) shares are trading lower by 10.08% to $0.43 Thursday morning after the company priced its $6.5 million public offering at $0.325 per share.

The closing of the offering is expected to occur on or about January 17, subject to the satisfaction of customary closing conditions. The company intends to use the net proceeds from this offering for working capital and general corporate purposes.

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According to data from Benzinga Pro, MYO has a 52-week high of $8.78 and a 52-week low of $0.37.