08:14 AM EDT, 09/22/2025 (MT Newswires) -- DarioHealth ( DRIO ) said Monday it has launched a private placement to buy and sell about 2.7 million common shares at $6.45 apiece for estimated gross proceeds of about $17.5 million.

The company said it anticipates closing the offering around Tuesday and plans to use the net proceeds for general corporate requirements.

DarioHealth's ( DRIO ) stock was up 4.6% in recent Monday premarket activity.

Price: 6.90, Change: +0.30, Percent Change: +4.55