Motus GI launches follow-up public offering to raise additional funds — 3 insights

Motus GI Holdings will offer a follow-up to its initial public offering, including a proposed offering of 5,000,000 additional shares.

Here's what you should know:

1. Motus GI also granted its underwriters a 30-day option to purchase up to 750,000 shares.

2. Piper Jaffray & Co. is the only underwriter for the additional offering.

3. Motus GI will use the funds for commercializing the Pure-Vu System,a colonoscopy prep alternative.

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