Inspira Technologies (IINN) Prices 2.9M Share IPO at $5.51/sh

Inspira Technologies OXY B.H.N. Ltd (NASDAQ: IINN), a specialty medical device company engaged in the research, development, manufacture, and marketing of proprietary respiratory support technology, today announced the pricing of its initial public offering of 2,909,091 common units at a combined public offering price of $5.51, each consisting of one ordinary share and one warrant to purchase one ordinary share, with an initial exercise price of $5.50 per share. The gross proceeds of the offering are expected to be $16 million before deducting underwriting discounts, commissions and offering expenses. The offering is expected to close on July 16, 2021, subject to satisfaction of customary closing conditions.

In addition, the Company has granted Aegis Capital Corp. a 45-day option to purchase up to 15% of additional common units at the public offering price to cover over-allotments, if any. The ordinary shares and common warrants are expected to begin trading on The Nasdaq Capital Market on July 14, 2021, under the symbols "IINN" and "IINNW," respectively.

Aegis Capital Corp. is acting as the sole book-running manager for the offering.

A registration statement on Form F-1 relating to the ordinary shares and warrants being sold in this offering was declared effective by the Securities and Exchange Commission (the "SEC") on July 13, 2021. The offering is being made only by means of a prospectus. Copies of the final prospectus may be obtained, when available, on the SEC's website, www.sec.gov, or by contacting Aegis Capital Corp., Attention: Syndicate Department, 810 7th Avenue, 18th Floor, New York, NY 10019, by email at [email protected], or by telephone at (212) 813-1010.

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy these securities, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction

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