NetworkNewsBreaks – DarioHealth Corp. (NASDAQ: DRIO) Prices $4.5M Public Offering; Shares Drop

Shares of DarioHealth (NASDAQ: DRIO) dropped 22% in morning trade after the company released the pricing of an underwritten public offering of 1,450,000 shares of its common stock at a public offering price of $3.10 per share. Gross proceeds from the offering, before deducting underwriting discounts and commissions and other estimated offering expenses, are expected to be approximately $4.5 million. Dario intends to use the net proceeds toward commercialization efforts of its products and for general working capital purposes. Subject to customary closing conditions, the offering is expected to close on April 5, 2017.

To view the full press release, visit: http://nnw.fm/h4bPO

About DarioHealth Corp.

DarioHealth Corp. is a global digital health company serving tens of thousands of users with dynamic mobile health solutions. The company believes people deserve the best tools to manage their treatment, and harnessing big data, it has developed a unique way for its users to analyze and personalize their diabetes management. With DarioHealth’s smart diabetes solution, users have direct access to track and monitor all facets of diabetes, without having the disease slow them down. The acclaimed Dario™ Blood Glucose Monitoring System all-in-one blood glucose meter and native smartphone app gives users an unrivaled method for self-diabetes management. DarioHealth is headquartered in Caesarea, Israel with a regional office in Burlington, Massachusetts. For more information, visit www.mydario.investorroom.com.

About NetworkNewsBreak

NetworkNewsBreak (NNB) provides a rapid summary of corporate news that caught the attention of NetworkNewsWire (NNW). NNB keeps you up-to-date on active US Public Companies complementary to NNW’s broader scope as a provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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