Ekso Bionics (Richmond, CA), a maker of robotic exoskeletons that can help paralyzed patients walk, appears to be in a perilous financial situation after one of its primary investors, Adam S. Gottbetter, was arrested and sentenced to 1.5 years of prison time.
An SEC statement regarding Gottbetter does not explicitly mention his involvement with Ekso, but states that he will be banned from the penny stock industry. Ekso Bionics’ stock, which fell on June 3 by 24.28% to $1.36, is classified as a penny stock under SEC’s definition.
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