Nutter Advises Ekso Bionics on $15 Million Registered Direct OfferingPrint PDF
Nutter represented Ekso Bionics Holdings, Inc. (OTCQB: EKSO), a global robotic exoskeleton company, in its $15 million Series A Convertible Preferred Stock transaction. Michelle Basil, chair of Nutter’s Life Sciences Practice Group and a partner in the firm’s Business Department, and Nutter associate Erin Anderman advised Ekso Bionics on the transaction.
Ekso Bionics intends to use the net proceeds from this offering for investments in clinical, sales, and marketing initiatives to accelerate the adoption of the Ekso exoskeleton in the rehabilitation market, development and commercialization activities for home and industrial use, and other general corporate purposes. Since 2005, Ekso Bionics has been pioneering the field of robotic exoskeletons, or wearable robots, to augment human strength, endurance, and mobility. The closing of the offering occurred on December 28, 2015.
Nutter’s Life Sciences Practice Group has a long track record working with clients in the life sciences sector throughout the product lifecycle to achieve their legal and business objectives. With an understanding of science and technology and a business-savvy approach, the firm’s interdisciplinary team provides life science clients with a comprehensive service solution – from intellectual property and transactional advice to government enforcement, products liability, and regulatory matters. Nutter’s Life Sciences lawyers represent an international roster of innovative clients involved in a range of sophisticated technologies in the medical device, biotechnology, and pharmaceutical industries, as well as renowned medical institutions and research universities, emerging growth companies, and angel and venture capital firms.
Nutter is a top Boston-based law firm providing high level legal counsel to clients who range from well-established companies and institutions to early stage entrepreneurs to foundations and families. U.S. News & World Report and Best Lawyers ranked Nutter in the top tiers nationally in thirteen practice areas and in the top tier for Boston in twelve areas in the 2016 “Best Law Firms” rankings. Nutter was co-founded by Louis D. Brandeis and has been in continuous practice for 136 years.