Monitor the pace and pricing of share sales through this ATM program, as continued dilutive offerings could pressure the stock price. Watch for any sales below the $1.3827 conversion price of Series C Preferred Stock, which would trigger additional dilution. The company's ability to execute on its commercialization plans with this capital will be critical to reversing the bearish sentiment.
Price Chart
Executive Summary
InspireMD is establishing an at-the-market equity offering program to sell up to $75 million of common stock through BTIG as sales agent. The offering allows for flexible, opportunistic capital raising over time, with shares sold at market prices. The company faces substantial doubt about its ability to continue as a going concern and has a history of recurring losses.
Key Facts
- Company is offering up to $75,000,000 of common stock through an at-the-market offering with BTIG as sales agent
- Last reported stock price was $1.59 per share on March 27, 2026
- Company has substantial doubt about its ability to continue as a going concern
- Series C Preferred Stock has full ratchet anti-dilution protection that could significantly dilute common shareholders
- Net tangible book value was $1.28 per share as of December 31, 2025, creating immediate dilution for new investors
Financial Impact
Up to $75 million in gross proceeds, with potential for significant additional dilution from anti-dilution provisions on Series C Preferred Stock
Risk Factors
- Significant dilution to existing shareholders from the offering and potential anti-dilution adjustments
- Substantial doubt about the company's ability to continue as a going concern
- History of recurring losses and negative cash flows from operations
- Potential for shares to be sold at prices significantly below current market levels
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B5 Filing (Primary) | 0001493152-26-015121 |
| Document: 0001493152-26-015121-index-headers.html | 0001493152-26-015121 |
| Document: 0001493152-26-015121-index.html | 0001493152-26-015121 |
| Document: 0001493152-26-015121.txt | 0001493152-26-015121 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 21, 2026 5w ago | 8-K | $0.7500 $0.6895 | ▼ −8.07% | ▼ −7.05% | $0.4498 (−40.03%) |
Sep 21, 2026 5w ago | Press Release | $0.7500 $0.6895 | ▼ −8.07% | ▼ −7.05% | $0.4498 (−40.03%) |
Aug 17, 2026 10w ago | 8-K | $0.8798 $0.8699 | ▲ +1.13% | ▼ −0.07% | $0.4498 (+48.87%) |
Aug 17, 2026 10w ago | Press Release | $0.8798 $0.8699 | ▲ +1.13% | ▼ −0.07% | $0.4498 (+48.87%) |
Aug 10, 2026 11w ago | Press Release | $0.8500 $0.8816 | ▲ +3.72% | ▲ +4.12% | $0.4498 (−47.08%) |
Jul 29, 2026 12w ago | 8-K | $0.6718 $0.7222 | ▲ +7.50% | ▲ +3.88% | $0.4498 (−33.05%) |
Jul 23, 2026 13w ago | 8-K | $0.6835 $0.6718 | ▲ +1.71% | ▲ +2.09% | $0.4498 (+34.19%) |
Jul 2, 2026 16w ago | 8-K | $0.6990 $0.7121 | ▲ +1.87% | ▲ +0.94% | $0.4498 (−35.65%) |
May 21, 2026 22w ago | Insider Cluster | $1.00 $0.9900 | ▼ −1.00% | ▼ −2.66% | $0.4498 (−55.02%) |
May 15, 2026 23w ago | Insider Cluster | $1.05 $0.9500 | ▼ −9.52% | ▼ −11.14% | $0.4498 (−57.16%) |
US Market Status
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