Odysight.ai prices $11 million public offering of common stock

Odysight.ai Inc. (Nasdaq/TASE: ODYS) has priced a public offering of 3,437,500 common shares at $3.20 each, expecting gross proceeds of about $11 million before underwriting discounts, commissions and offering expenses. The company granted Roth Capital Partners a 30-day option to buy up to 515,625 additional shares at the offering price less underwriting discounts and commissions. Certain directors, including Benad Goldwasser, the chairman of the Board, and Mori Arkin, along with certain existing shareholders, participated on the same terms. The offering is expected to close on or about August 21, 2026, subject to customary conditions, with proceeds intended for research and development, sales and marketing, scaling commercial operations, working capital and other general corporate purposes. Roth Capital Partners is the sole book-running manager. Odysight.ai develops visual monitoring AI solutions using small sensors for critical components in hard-to-reach and harsh environments, with deployments by NASA and customers in aerospace, Industry 4.0, transportation and energy.

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