Business
Microbot Medical Announces Outcome of Annual Meeting of Shareholders
Maintains Regulatory Pre-Submission Timeline of the Self-Cleaning Shunt (SCS TM) HINGHAM, Mass., Sept. 13, 2019 (GLOBE NEWSWIRE) -- Having successfully
About this update from Microbot Medical Inc.
[{"type":"text","content":"Maintains Regulatory Pre-Submission Timeline of the Self-Cleaning Shunt (SCS TM)\n HINGHAM, Mass., Sept. 13, 2019 (GLOBE NEWSWIRE) -- Having successfully executed a number of significant milestones over the past twelve months, Microbot Medical Inc. (NASDAQ: MBOT) held its 2019 annual shareholders' meeting on September 10, 2019, during which the shareholders re-elected three directors and approved all of the proposals. “We have executed many objectives over the past year and at this time our goal remains to achieve our other targeted milestones, including the FDA pre-submission for our Self-Cleaning Shunt (SCSTM) by the end of this year,” commented Harel Gadot, President, CEO and Chairman. “I would like to thank our shareholders for their continued support over the past year and I look forward to updating you on our continued progress at next year’s annual shareholders' meeting.” At the annual meeting, shareholders approved the reduction of outstanding shares from 221,000,000 to 61,000,000, including a reduction in the number of authorized shares of common stock from 220,000,000 to 60,000,000. Additionally, Harel Gadot, Yoav Waizer, and Martin Madden were re-elected as Class I directors to serve until the 2022 Annual Meeting of Shareholders, and Brightman Almagor Zohar & Co., a Member of Deloitte Touche Tohmatsu Limited, was ratified as the Company’s independent registered public accounting firm for the year ending December 31, 2019. The final voting tallies from this year's annual meeting was included in the Company’s Form 8-K, which was filed with the Securities and Exchange Commission on September 11, 2019. About Microbot Medical, Inc. Microbot™, which was founded in 2010 and commenced operations in 2011, became a NASDAQ listed company on November 28, 2016. The Company specializes in transformational micro-robotic medical technologies leveraging the natural and artificial lumens within the human body. Microbot’s current technological platforms, ViRobTM, TipCATTM and CardioSertTM, are comprised of three highly advanced technologies, from which the Company is currently developing its first product candidate: The Self-Cleaning Shunt, or SCSTM, for the treatment of hydrocephalus and Normal Pressure Hydrocephalus, or NPH. The Company also is focused on the development of a Multi Generation Pipeline Portfolio (MGPP) utilizing all te...