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Aug. 14, 2020, 7:31 a.m. EDT

Israeli x-ray device maker Nano-X Imaging to offer 5.9 million shares in IPO, priced at $16 to $18 each

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By Ciara Linnane

Nano-X Imaging, an Israeli maker of X-ray equipment, set terms for its initial public offering on Friday, with plans to offer 5.9 million shares priced at $16 to $18 each. The company has applied to list on Nasdaq, under the ticker "NNOX." Cantor, Oppenheimer, Berenberg, CIBC Capital Markets and National Securities Corp. are underwriting the deal. Proceeds will be used to fund the manufacture of Nanox ARC units, for shipping, installation and deployment costs, for R&D and for general corporate purposes. "Early detection saves lives-and we at Nanox are focused on applying our proprietary medical imaging technology to make diagnostic medicine more accessible and affordable across the globe," the company says in its prospectus.

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