BioSig to raise $15M in offering, plans to invest in bullion and support corporate needs

BioSig Technologies (NASDAQ:BSGM [https://seekingalpha.com/symbol/BSGM]), which recently merged with Streamex, announced [https://seekingalpha.com/pr/20200469-biosig-technologies-inc-announces-pricing-of-15-million-public-offering] the pricing of its previously reported underwritten public offering of 3,852,149 shares of common stock at a public offering price of $3.90 per share.

The offering is expected to close on or around August 15.

BioSig (NASDAQ:BSGM [https://seekingalpha.com/symbol/BSGM]) expects to raise about $15 million in gross proceeds and plans to use the net proceeds to purchase gold bullion in line with its investment policy, as well as for working capital and general corporate purposes.

BioSig Technologies (BSGM [https://seekingalpha.com/symbol/BSGM]) +3.48% at $4.76 in extended trading.

MORE ON BIOSIG TECHNOLOGIES, INC.

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* Seeking Alpha’s Quant Rating on BioSig Technologies, Inc. [https://seekingalpha.com/symbol/BSGM/ratings/quant-ratings]
* Historical earnings data for BioSig Technologies, Inc. [https://seekingalpha.com/symbol/BSGM/earnings]
* Financial information for BioSig Technologies, Inc. [https://seekingalpha.com/symbol/BSGM/income-statement]