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Ronald W. McClurg, the Chief Financial Officer of NeuroOne Medical (TASE:BLWV) Technologies Corp (NASDAQ:NMTC), recently acquired 200,000 shares of the company's common stock, according to a filing with the Securities and Exchange Commission. The purchase, which took place on April 4, 2025, was executed at a price of $0.50 per share, totaling $100,000. The timing is notable as the stock has fallen 44% in the past week and currently trades at $0.43, near its 52-week low of $0.44. According to InvestingPro analysis, the stock appears undervalued at current levels.
Following the transaction, McClurg holds 444,117 shares directly. This acquisition reflects ongoing interest and investment in the company by its executive leadership. NeuroOne Medical Technologies, based in Eden Prairie, Minnesota, specializes in surgical and medical instruments and apparatus. With a market capitalization of $13 million, the company shows promising sales growth potential, according to InvestingPro's comprehensive analysis, which includes 13 additional key insights available to subscribers.
In other recent news, NeuroOne Medical Technologies Corporation reported a significant increase in its first-quarter fiscal year 2025 earnings. The company achieved record product sales of $3.3 million, contributing to a total revenue of $6.3 million, which is a 235% increase from the same quarter the previous year. NeuroOne also reversed its previous net loss, reporting a net income of $1.8 million. In another development, NeuroOne announced the pricing of a public stock offering at $0.50 per share, aiming to raise $8 million in gross proceeds. Ladenburg Thalmann & Co. Inc. is managing this offering, which includes 16 million shares with an option for an additional 2.4 million shares. Additionally, NeuroOne has expedited its FDA submission timeline for its trigeminal nerve ablation system, now expected in May 2025. This device, which utilizes the company's OneRF® Technology Platform, could potentially generate revenue in late 2025. The company continues to focus on expanding its product offerings, including partnerships with Zimmer Biomet for exclusive distribution rights.
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