Nano-X Imaging Files Legal Opinion Backing Remaining $53.9 Million ATM Share Issuance

Nano-X Imaging ( (NNOX) ) has provided an update.

Nano-X Imaging Ltd. filed a Form 6-K on July 23, 2026, to furnish a legal opinion from its Israeli counsel, Meitar Law Offices, on the validity of ordinary shares to be issued under its existing at-the-market equity offering program. The opinion relates to up to $53.9 million of remaining ordinary shares that may be issued from time to time under a Controlled Equity Offering Sales Agreement with Cantor Fitzgerald & Co. and Mizuho Securities USA LLC, supported by an effective shelf registration statement and a newly filed prospectus supplement.

The legal opinion confirms that the prospective ATM shares, once properly authorized and issued under the sales agreement and board approvals, will be validly issued, fully paid and non-assessable. However, counsel notes that Nano-X’s currently authorized share capital may be insufficient to issue the full $53.9 million in shares at current market prices, meaning the company may need shareholder approval to increase its authorized share capital before fully utilizing the program, a factor that could affect the pace and scale of future capital raising under the ATM.

The most recent analyst rating on (NNOX) stock is a Hold
with a $3.00 price target.
To see the full list of analyst forecasts on Nano-X Imaging stock,
see the NNOX Stock Forecast page.