Benzinga | Sep 16, 2020 07:02AM EDT

Nanox Says Believes Citron Allegations Are 'Without Merit'

NEVE ILAN, Israel, Sept. 16, 2020 (GLOBE NEWSWIRE) -- NANO-X IMAGING LTD (NASDAQ:NNOX) ("Nanox" or the "Company"), an innovative medical imaging technology company, today issued a statement in response to unusual trading activities that occurred on September 15, 2020.



Nanox believes the unusual trading activities in its ordinary shares were caused by a report published by Citron Research on September 15, 2020, which contains factual errors and misleading speculations. Nanox believes that the allegations in the report are completely without merit and strongly condemns the publishing of the false and misleading information contained in this report.

The Company is carefully reviewing the report and will provide additional information on the allegations as appropriate.