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Pryor Cashman Represents Maxim Group in $20M ATM Offering
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Pryor Cashman represented Maxim Group in their capacity as sales agent in connection with an at-the-market offering of up to $20,000,000 of common stock of Nemaura Medical, Inc. that launched on October 19, 2018.
Nemaura Medical (NMRD) is a medical technology company developing sugarBEAT® as a non-invasive, affordable and flexible Continuous Glucose Monitor (CGM) designed to help people with diabetes and pre-diabetics to better manage their glucose levels. SugarBEAT® consists of a daily disposable adhesive skin-patch connected to a rechargeable transmitter, with an app displaying glucose readings at five-minute intervals for periods of up to 24 hours.
Corporate Partner Ali Panjwani advised Maxim Group on the transaction.