Nano-X Imaging, which is developing affordable medical imaging systems, filed on Friday with the SEC to raise up to $125 million in an initial public offering.
The company is developing lower cost medical imaging technology which it believes can achieve the same functionality as legacy X-ray imaging. Nano-X's Nanox System is comprised of its Nanox.ARC hardware, which uses microelectromechanical system semiconductor cathode as opposed to X-ray analog cathodes, and its cloud-based imaging software Nanox.CLOUD.
The Neve Ilan, Israel-based company was founded in 2018 and plans to list on the Nasdaq under the symbol NNOX. Cantor Fitzgerald, Oppenheimer & Co., Berenberg and CIBC are the joint bookrunners on the deal. No pricing terms were disclosed.
