The offering includes Series A and Series B warrants with exercise prices of $1.50 per share. Series A warrants expire in five years, while Series B warrants expire in eighteen months.
The company plans to close this offering around December 21, and intends to use the funds for general corporate purposes and working capital.
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According to data from Benzinga Pro, MOTS has a 52-week high of $23.39 and a 52-week low of $1.16.
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