InspireMD raises $25M in follow-on

InspireMD Inc. (NYSE-M:NSPR) raised $25 million through the sale of 12.5 million shares at $2 in a follow-on underwritten by Cowen and JMP Securities. InspireMD first proposed to raise up to $46 million in the offering in September. Additionally, the company began trading on the NYSE MKT and ceased trading on the OTC Bulletin Board. InspireMD was unchanged at $2 on Thursday. ...