Nanox Imaging Ltd announces a $15 million registered direct offering for 3,826,530 ordinary shares to fund growth initiatives.
Quiver AI Summary
NANO-X IMAGING LTD has announced a securities purchase agreement with an institutional investor for a registered direct offering of 3,826,530 ordinary shares, aiming to raise approximately $15 million in gross proceeds. The transaction is set to close around November 25, 2025, pending customary conditions. The funds will be utilized for working capital and corporate purposes, with CEO Erez Meltzer expressing that this capital raise will strengthen the company's balance sheet and support its growth initiatives, including advancements in technology and market expansion. Titan Partners Group is the sole placement agent for the offering, which is filed under an effective shelf registration statement with the SEC. Nanox is dedicated to enhancing global access to affordable medical imaging through its innovative technologies, including AI-driven solutions, and aims to improve health outcomes by facilitating early detection and treatment of diseases.
Potential Positives
- Nanox has successfully secured approximately $15 million in gross proceeds through a registered direct offering, enhancing its financial stability.
- The capital raise is intended to support the company's growth initiatives, including technology advancement and market expansion, indicating a proactive approach to scaling its operations.
- The CEO highlighted a commitment to making high-quality medical imaging more accessible worldwide, aligning with the company's mission of improving health outcomes.
- The offering reinforces Nanox's strategic focus on leveraging advanced AI and proprietary technologies to transform preventive healthcare.
Potential Negatives
- Company raises $15 million in a registered direct offering, which may indicate a need for immediate capital to support operations rather than robust profitability or growth.
- Forward-looking statements highlight significant risks and uncertainties regarding technology development, regulatory approvals, and market acceptance, which could hinder future performance.
- Current geopolitical tensions and macroeconomic factors could negatively impact the company's operations and growth opportunities.
FAQ
What is the recent announcement by NANO-X IMAGING LTD?
NANO-X IMAGING LTD announced a registered direct offering of 3,826,530 ordinary shares, expected to generate approximately $15 million.
When is the closing date for this offering?
The closing of the offering is expected on or about November 25, 2025, pending customary closing conditions.
How will Nanox utilize the proceeds from the offering?
Nanox intends to use the net proceeds for working capital and general corporate purposes to advance its technologies and market presence.
What is the purpose of the securities being offered?
The offering is made under an effective registration statement with the SEC to provide funds for enhancing Nanox's imaging technologies.
Who is acting as the placement agent for the offering?
Titan Partners Group, a division of American Capital Partners, is serving as the sole placement agent for the securities offering.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$NNOX Insider Trading Activity
$NNOX insiders have traded $NNOX stock on the open market 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $NNOX stock by insiders over the last 6 months:
- RAN DANIEL (CFO) purchased 1,000 shares for an estimated $3,650
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$NNOX Hedge Fund Activity
We have seen 43 institutional investors add shares of $NNOX stock to their portfolio, and 83 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 2,160,806 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $11,171,367
- NATIONAL BANK OF CANADA /FI/ removed 422,400 shares (-88.5%) from their portfolio in Q3 2025, for an estimated $1,562,880
- GOLDMAN SACHS GROUP INC added 318,923 shares (+290.2%) to their portfolio in Q3 2025, for an estimated $1,180,015
- UBS GROUP AG added 292,899 shares (+36.9%) to their portfolio in Q3 2025, for an estimated $1,083,726
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 281,760 shares (+191.1%) to their portfolio in Q3 2025, for an estimated $1,042,512
- MIRAE ASSET SECURITIES (USA) INC. removed 272,961 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $1,411,208
- ROYAL BANK OF CANADA added 164,099 shares (+184.6%) to their portfolio in Q3 2025, for an estimated $607,166
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$NNOX Analyst Ratings
Wall Street analysts have issued reports on $NNOX in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- D. Boral Capital issued a "Buy" rating on 11/18/2025
To track analyst ratings and price targets for $NNOX, check out Quiver Quantitative's $NNOX forecast page.
Full Release
PETACH TIKVA, Israel, Nov. 23, 2025 (GLOBE NEWSWIRE) -- NANO-X IMAGING LTD (“Nanox” or the “Company”, Nasdaq: NNOX), an innovative medical imaging technology company, today announced that it has entered into a securities purchase agreement with a single institutional investor for the purchase and sale of 3,826,530 ordinary shares (“Common Stock”) in a registered direct offering. The offering is expected to result in gross proceeds of approximately $15 million, before deducting offering expenses. The closing of the offering is expected to occur on or about November 25, 2025, subject to the satisfaction of customary closing conditions.
The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.
“This successful capital raise further strengthens our balance sheet and accelerates our key growth initiatives including advancing the Company’s technologies, expanding our market presence, and enhancing our AI infrastructure,” said Erez Meltzer, Chief Executive Officer of Nanox. “As we scale deployments and expand our capabilities, we expect these efforts to reinforce our growth trajectory while advancing our mission to make high-quality medical imaging more accessible worldwide.”
Titan Partners Group, a division of American Capital Partners, is acting as the sole placement agent for the offering.
This offering is being made pursuant to an effective shelf registration statement on Form F-3 (File No. 333-271688) that was filed by Nanox with the U.S. Securities and Exchange Commission (the “SEC”), under the Securities Act of 1933, as amended (the “Securities Act”), and became effective on May 5, 2023, as amended. The proposed offering of these securities is being made only by means of a prospectus and a related prospectus supplement describing the terms of the offering, which will be filed with the SEC and, once filed, will be available on the SEC’s website located at http://www.sec.gov. Additionally, when available, electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, from Titan Partners Group LLC, a division of American Capital Partners, LLC, 4 World Trade Center, 49th Floor, New York, NY 10007, or by telephone at 929-833-1246, or by email at [email protected] .
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities or any other securities, nor shall there be any offer, solicitation or sale of these securities or any other securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Nano-X Imaging Ltd.
Nanox (NASDAQ: NNOX) is focused on driving the world’s transition to preventive health care by bringing a full solution of affordable medical imaging technologies based on advanced AI and proprietary digital X-ray source.
Nanox's vision encompasses expanding the reach of Nanox technology both within and beyond hospital settings, providing a seamless end-to-end solution from scan to diagnosis, leveraging AI to enhance the efficiency of routine medical imaging technology and processes, in order to improve early detection and treatment and maintaining a clinically driven approach. The Nanox ecosystem includes Nanox.ARC – a multi-source digital tomosynthesis system that is cost-effective and user-friendly; Nanox.AI LTD – an AI-based suite of algorithms that augment the readings of routine CT imaging to highlight early signs often related to chronic diseases; Nanox.CLOUD – a cloud-based software platform that manages and stores data collected by Nanox devices, and provides users with tools for in-depth imaging analysis; Nanox.MARKETPLACE – a proprietary decentralized marketplace through Nanox’s subsidiary, USARAD Holdings Inc., that provides remote access to radiology and cardiology experts, and a comprehensive teleradiology services platform. By improving early detection and treatment, Nanox aims to enhance better health outcomes worldwide. For more information, please visit www.nanox.vision .
Forward-Looking Statements
This press release may contain forward-looking statements that are subject to risks and uncertainties. All statements that are not historical facts contained in this press release are forward-looking statements. Such statements include, but are not limited to, any statements relating to the ability to execute and consummate the transaction, the ability to successfully integrate VHC IT following the acquisition as well as to improve deployment speed pace and implementation quality, the initiation, timing, progress and results of the Company’s research and development, manufacturing, and commercialization activities with respect to its X-ray source technology and the Nanox.ARC, the ability to realize the expected benefits of its recent acquisitions and the projected business prospects of the Company and the acquired companies. In some cases, you can identify forward-looking statements by terminology such as “can,” “might,” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “should,” “could,” “expect,” “predict,” “potential,” or the negative of these terms or other similar expressions. Forward-looking statements are based on information the Company has when those statements are made or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Factors that could cause actual results to differ materially from those currently anticipated include: risks related to (i) Nanox’s ability to complete development of the Nanox System; (ii) Nanox’s ability to successfully demonstrate the feasibility of its technology for commercial applications; (iii) Nanox’s expectations regarding the necessity of, timing of filing for, and receipt and maintenance of, regulatory clearances or approvals regarding its technology, the Nanox.ARC and Nanox.CLOUD from regulatory agencies worldwide and its ongoing compliance with applicable quality standards and regulatory requirements; (iv) Nanox’s ability to realize the anticipated benefits of the acquisitions, which may be affected by, among other things, competition, brand recognition, the ability of the acquired companies to grow and manage growth profitably and retain their key employees; (v) Nanox’s ability to enter into and maintain commercially reasonable arrangements with third-party manufacturers and suppliers to manufacture the Nanox.ARC; (vi) the market acceptance of the Nanox System and the proposed pay-per-scan business model; (vii) Nanox’s expectations regarding collaborations with third-parties and their potential benefits; (viii) Nanox’s ability to conduct business globally; (ix) changes in global, political, economic, business, competitive, market and regulatory forces; (x) risks related to the current war between Israel and Hamas and any worsening of the situation in Israel; (xi) risks related to macroeconomic factors, including tariff policy, inflation, interest rate levels and supply chain costs; (xii) potential litigation associated with our transactions; and (xiii) the Company’s ability to maintain expected growth and manage expenses.
For a discussion of other risks and uncertainties, and other important factors, any of which could cause Nanox’s actual results to differ from those contained in the Forward-Looking Statements, see the section titled “Risk Factors” in Nanox’s Annual Report on Form 20-F for the year ended December 31, 2024, and subsequent filings with the SEC. The reader should not place undue reliance on any forward-looking statements included in this press release. Except as required by law, Nanox undertakes no obligation to update publicly any forward-looking statements after the date of this press release to conform these statements to actual results or to changes in the Company’s expectations.
Company Contact:
Investor Contact
:
Mike Cavanaugh
ICR Healthcare
[email protected]
Media Contact:
Ben Shannon
ICR Healthcare
[email protected]