Myomo (MYO) on Wednesday filed a preliminary prospectus supplement for a planned public offering of common shares.
The company expects to use the proceeds, together with existing cash and cash equivalents, to fund an increase in advertising expenses and headcount, product development, and for working capital and general corporate purposes.
Shares of Myomo fell 6.5% in recent after-hours trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments