1. NAOV denied false reports of a $26 million stock offering. 2. False posts claimed offering price was $0.45 per share. 3. Company is investigating the misinformation seriously. 4. No registered direct offering is being processed. 5. NAOV aims to protect its stockholders and reputation.
The denial of false information prevents potential panic selling and instills investor confidence. Historically, similar clarifications have helped stabilize stock prices.
Clarifying misinformation is crucial for investor trust, influencing immediate stock performance. A strong response signifies management's commitment, impacting share price positively.
Immediate investor responses are likely as misinformation can disrupt stock performance temporarily. Positive adjustments may see NAOV recover quickly.
TYLER, Texas--(BUSINESS WIRE)-- NanoVibronix, Inc. (the “Company”) (NASDAQ: NAOV) confirmed that a series of posts made earlier today with respect to a $26 million registered direct offering of common stock of the Company priced at $0.45 under Nasdaq rules was falsely issued by Flash Alert and FintelAlerts. The Company has not priced and is not consummating any registered direct offering. The Company is actively investigating this misinformation and will take necessary actions to protect its stockholders and its reputation.