Nanox Announces $15 Million Registered Direct Offering of Common Stock

Nanox Announces $15 Million Registered Direct Offering of Common Stock

PETACH TIKVA, Israel, Nov. 23, 2025 - NANO-X IMAGING LTD ("Nanox"

or the "Company", Nasdaq: NNOX), an innovative medical imaging technology company, today announced that it has entered into

a securities purchase agreement with a single institutional investor for the purchase and sale of 3,826,530 ordinary shares ("Common

Stock") in a registered direct offering. The offering is expected to result in gross proceeds of approximately $15 million, before

deducting offering expenses. The closing of the offering is expected to occur on or about November 25, 2025, subject to the satisfaction

of customary closing conditions.

The Company intends to use the net proceeds from the offering for working

capital and general corporate purposes.

"This successful capital raise further strengthens our balance sheet

and accelerates our key growth initiatives including advancing the Company's technologies, expanding our market presence, and enhancing

our AI infrastructure," said Erez Meltzer, Chief Executive Officer of Nanox. "As we scale deployments and expand our capabilities,

we expect these efforts to reinforce our growth trajectory while advancing our mission to make high-quality medical imaging more accessible

Titan Partners Group, a division of American Capital Partners, is acting

as the sole placement agent for the offering.

This offering is being made pursuant to an effective shelf registration

statement on Form F-3 (File No. 333-271688) that was filed by Nanox with the U.S. Securities and Exchange Commission (the "SEC"),

under the Securities Act of 1933, as amended (the "Securities Act"), and became effective on May 5, 2023, as amended. The

proposed offering of these securities is being made only by means of a prospectus and a related prospectus supplement describing the terms

of the offering, which will be filed with the SEC and, once filed, will be available on the SEC's website located at http://www.sec.gov.

Additionally, when available, electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when

available, from Titan Partners Group LLC, a division of American Capital Partners, LLC, 4 World Trade Center, 49th Floor, New York, NY

10007, or by telephone at 929-833-1246, or by email at prospectus@titanpartnersgrp.com.

This press release shall not constitute an offer to sell or the solicitation

of an offer to buy these securities or any other securities, nor shall there be any offer, solicitation or sale of these securities or

any other securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration

or qualification under the securities laws of any such state or jurisdiction.

About Nano-X Imaging Ltd.

Nanox (NASDAQ: NNOX) is focused on driving the world's transition

to preventive health care by bringing a full solution of affordable medical imaging technologies based on advanced AI and proprietary

digital X-ray source.

Nanox's vision encompasses expanding the reach of Nanox technology both

within and beyond hospital settings, providing a seamless end-to-end solution from scan to diagnosis, leveraging AI to enhance the efficiency

of routine medical imaging technology and processes, in order to improve early detection and treatment and maintaining a clinically driven

approach. The Nanox ecosystem includes Nanox.ARC - a multi-source digital tomosynthesis system that is cost-effective and user-friendly;

Nanox.AI LTD - an AI-based suite of algorithms that augment the readings of routine CT imaging to highlight early signs often related

to chronic diseases; Nanox.CLOUD - a cloud-based software platform that manages and stores data collected by Nanox devices, and

provides users with tools for in-depth imaging analysis; Nanox.MARKETPLACE - a proprietary decentralized marketplace through Nanox's

subsidiary, USARAD Holdings Inc., that provides remote access to radiology and cardiology experts, and a comprehensive teleradiology services

platform. By improving early detection and treatment, Nanox aims to enhance better health outcomes worldwide. For more information, please

visit www.nanox.vision.

Forward-Looking Statements

This press release may contain forward-looking statements that are subject

to risks and uncertainties. All statements that are not historical facts contained in this press release are forward-looking statements.

Such statements include, but are not limited to, any statements relating to the ability to execute and consummate the transaction, the

ability to successfully integrate VHC IT following the acquisition as well as to improve deployment speed pace and implementation quality,

the initiation, timing, progress and results of the Company's research and development, manufacturing, and commercialization activities

with respect to its X-ray source technology and the Nanox.ARC, the ability to realize the expected benefits of its recent acquisitions

and the projected business prospects of the Company and the acquired companies. In some cases, you can identify forward-looking statements

by terminology such as "can," "might," "believe," "may," "estimate," "continue,"

"anticipate," "intend," "should," "plan," "should," "could," "expect,"

"predict," "potential," or the negative of these terms or other similar expressions. Forward-looking statements

are based on information the Company has when those statements are made or management's good faith belief as of that time with respect

to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those

expressed in or suggested by the forward-looking statements. Factors that could cause actual results to differ materially from those currently

anticipated include: risks related to (i) Nanox's ability to complete development of the Nanox System; (ii) Nanox's ability

to successfully demonstrate the feasibility of its technology for commercial applications; (iii) Nanox's expectations regarding

the necessity of, timing of filing for, and receipt and maintenance of, regulatory clearances or approvals regarding its technology, the

Nanox.ARC and Nanox.CLOUD from regulatory agencies worldwide and its ongoing compliance with applicable quality standards and regulatory

requirements; (iv) Nanox's ability to realize the anticipated benefits of the acquisitions, which may be affected by, among other

things, competition, brand recognition, the ability of the acquired companies to grow and manage growth profitably and retain their key

employees; (v) Nanox's ability to enter into and maintain commercially reasonable arrangements with third-party manufacturers and

suppliers to manufacture the Nanox.ARC; (vi) the market acceptance of the Nanox System and the proposed pay-per-scan business model; (vii)

Nanox's expectations regarding collaborations with third-parties and their potential benefits; (viii) Nanox's ability to conduct

business globally; (ix) changes in global, political, economic, business, competitive, market and regulatory forces; (x) risks related

to the current war between Israel and Hamas and any worsening of the situation in Israel; (xi) risks related to macroeconomic factors,

including tariff policy, inflation, interest rate levels and supply chain costs; (xii) potential litigation associated with our transactions;

and (xiii) the Company's ability to maintain expected growth and manage expenses.

For a discussion of other risks and uncertainties, and other important factors,

any of which could cause Nanox's actual results to differ from those contained in the Forward-Looking Statements, see the section

titled "Risk Factors" in Nanox's Annual Report on Form 20-F for the year ended December 31, 2024, and subsequent filings

with the SEC. The reader should not place undue reliance on any forward-looking statements included in this press release. Except as required

by law, Nanox undertakes no obligation to update publicly any forward-looking statements after the date of this press release to conform

these statements to actual results or to changes in the Company's expectations.