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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2024
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 5 – SUBSEQUENT EVENTS

 

A. Reinstatement of ATM

 

The Company entered into an amendment, dated July 1, 2024, to the ATM Agreement with Wainwright dated June 10, 2021, relating to the offer and sale of shares of the Company’s common stock having an aggregate offering price of up to approximately $4,820 from time to time through Wainwright, acting as sales agent. From July 1, 2024 through August 9, 2024, the Company issued an aggregate of 538,800 shares of the Company’s common stock under the ATM Agreement for aggregate gross proceeds to the Company of approximately $584.

 

B. Contingent Bonus Payments

 

In July 2024, the Compensation Committee of the Board of Directors of the Company approved the payment of the first 50% of the contingent bonus to the Company’s CEO in the amount of approximately $149, and approved the payments of the second 50% of the contingent bonuses to the Company’s CFO and CTO in the aggregate amount of approximately $61.

 

C. Return of CardioSert Assets

 

In July 2024, Microbot Israel transferred the Technology back to CardioSert, for nominal consideration, pursuant to the terms of the CardioSert Agreement. As a result, Microbot Israel’s liability to repay CardioSert’s IIA grants in the aggregate amount of approximately $530 was also transferred back to CardioSert.