Microbot Medical Inc.

10/03/2025 | Press release | Distributed by Public on 10/03/2025 14:31

Private Placement (Form 8-K)

Item 3.02 Unregistered Sales of Equity Securities.

On September 29, 2025, the holder (the "Holder") of 600,000 series H preferred investment options (the "Existing POIs") of Microbot Medical Inc., a Delaware corporation (the "Company"), pursuant to that previously-disclosed inducement agreement with the Company dated September 14, 2025 (the "Letter Agreement"), exercised the Existing PIOs for 600,000 shares of the Company's common stock, par value $0.01 per share (the "Common Stock"), at an exercise price of $2.10 per share, and the Holder received 600,000 new series J preferred investment options pursuant to the terms of the Letter Agreement (the "New PIOs"). The remaining 1,324,488 series H preferred investment options subject to the Letter Agreement are expected to be exercised in one or more additional closings on or before October 15, 2025.

The Company issued the New PIOs, and 30,000 preferred investment options (the "Wainwright PIOs") to H.C. Wainwright & Co., LLC ("Wainwright") pursuant to the Company's May 29, 2024 engagement letter with Wainwright, as amended, pursuant to the exemption from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), available under Section 4(a)(2) thereof. Neither the issuance of the New PIOs, Wainwright PIOs nor the share underlying the New PIOs and Wainwright PIOs have been registered under the Securities Act and such securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act and any applicable state securities laws. The description of the New PIOs and Wainwright PIOs under Item 1.01 of the Company's Form 8-K filed with the Securities and Exchange Commission on September 16, 2025 is incorporated by reference herein.

The resale of the shares of the Common Stock issuable upon exercise of the Existing PIOs are registered pursuant to the post-effective amendment on Form S-3 to registration statement on Form S-1 (File No. 333-284688) declared effective by the SEC on April 2, 2025.

Neither this Current Report on Form 8-K nor any exhibit attached hereto is an offer to sell or the solicitation of an offer to buy securities of the Company.

On September 23, 2025, the Company issued 374,167 shares of Common Stock upon the exercise of a like number of preferred investment options (the "PA Options") by the holder of such PA Options. The exercise prices per share of the PA Options was between $1.875 and $2.6625, generating gross proceeds to the Company, before deducting placement agent fees and expenses, of approximately $896,000. The shares issued upon exercise of the PA Options were issued pursuant to the exemption provided in Section 4(a)(2) under the Securities Act, as transactions by an issuer not involving any public offering.

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