Odysight.ai Inc., along with its affiliated entities, specializes in the development, production, and global distribution of visual sensing and AI-driven video analytics solutions. Its market presence extends across Israel, the United States, the United Kingdom, and other international territories. The company harnesses its advanced visualization technology to offer comprehensive solutions for predictive maintenance and condition-based monitoring. These capabilities serve a diverse range of industries, including medical, defense, energy, automotive, transportation, aviation, maritime, and industrial non-destructive testing. Odysight.ai Inc. is headquartered in Omer, Israel.
Odysight.ai Inc. Announces Pricing of $11 million Public Offering of Common Stock
Odysight.ai priced a public offering of 3,437,500 shares of common stock at $3.20 per share, targeting gross proceeds of approximately $11 million.
Roth Capital Partners acted as the sole book-running manager and received a 30-day option to purchase up to an additional 515,625 shares to cover over-allotments.
Net proceeds are earmarked for research and development, sales and marketing to scale commercial operations, and working capital, with participation from Chairman Benad Goldwasser and Director Mori Arkin.