Boston, MA / Jerusalem, Israel – January 12, 2017 – DarioHealth Corp. (NASDAQ:DRIO), a leader in digital health and mobile health solutions, announced today the execution of definitive agreements for an aggregate raise of $5.1 million. The private placement transaction was organized by DarioHealth. DarioHealth closed on $3.1 million of the transaction on January 9, 2017, with the closing of the remaining $2 million to occur upon receipt of stockholders approval pursuant to Nasdaq rules. The offerings are expected to result in gross proceeds of approximately $5.1 million, assuming stockholder approval for the $2 million portion of the transactions is obtained.
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