GlassesOff issued 2,490,000 units, each composed of one share of common stock and one warrant, at $1.25 per unit for a total of $3,112,500 million before offering expenses. Each warrant is exercisable for one share of common stock at an exercise price of $1.25 per share and expires five years from issuance.
The current management and Board of Directors of Ucansi have assumed operational control of the public entity.