The private placement transaction included the sale of an aggregate of 1,821,437 shares of common stock at a price per share of $2.80 and a common stock warrant to purchase an aggregate of 1,821,437 shares of common stock. The warrants will have an exercise price of $3.50 per share, be exercisable on the six month anniversary of closing and have a term of five years. DarioHealth granted all purchasers registration rights and intends to file a registration statement with the Securities and Exchange Commission for the resale of the common stock and shares of common stock underlying the common stock warrants. If fully exercised for cash, the warrants would provide an additional $6.37 million of cash to the Company. DarioHealth intends to use the net proceeds from the private placement for sales and marketing efforts to further penetrate the U.S. - and other global markets, to provide working capital, and for general corporate purposes.