Issuer Free Writing Prospectus Filed Pursuant to Rule 433 of the Securities Act of 1933, as amended Registration Statement No. 333-215682 Investor Presentation NYSE MKT: NSPR February 2017
Forward Looking Statements This presentation contains "forward-looking statements." Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) market acceptance of our existing and new products, (ii) negative clinical trial results or lengthy product delays in key markets, (iii) an inability to secure regulatory approvals for the sale of our products, (iv) intense competition in the medical device industry from much larger, multinational companies, (v) product liability claims, (vi) product malfunctions, (vii) our limited manufacturing capabilities and reliance on subcontractors for assistance, (viii) insufficient or inadequate reimbursement by governmental and other third party payors for our products, (ix) our efforts to successfully obtain and maintain intellectual property protection covering our products, which may not be successful, (x) legislative or regulatory reform of the healthcare system in both the U.S. and foreign jurisdictions, (xi) our reliance on single suppliers for certain product components, (xii) the fact that we will need to raise additional capital to meet our business requirements in the future and that such capital raising may be costly, dilutive or difficult to obtain and (xiii) the fact that we conduct business in multiple foreign jurisdictions, exposing us to foreign currency exchange rate fluctuations, logistical and communications challenges, burdens and costs of compliance with foreign laws and political and economic instability in each jurisdiction. More detailed information about the Company and the risk factors that may affect the realization of forward looking statements is set forth in the Company's filings with the Securities and Exchange Commission (SEC), including the Company's Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's web site at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise. 2
Free Writing Prospectus This presentation highlights basic information about InspireMD, Inc. and the offering. InspireMD, Inc. has filed a registration statement on Form S-1 (Registration No. 333-215682) (including a prospectus) with the U.S. Securities and Exchange Commission (the “SEC”) for the offering to which this presentation relates. The registration statement has not yet become effective. Before you invest, you should read the prospectus in that registration statement (including, among other things, risk factors described therein) and other documents the issuer has filed with the SEC for more complete information about InspireMD, Inc. and this offering. The preliminary prospectus dated January 24, 2017, and subsequent amendments are available at the SEC website. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, InspireMD, Inc. or any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by contacting Dawson James Securities, Inc., Attention: Prospectus Department, 1 North Federal Highway, 5th Floor, Boca Raton, FL 33432, mmaclaren@dawsonjames.com or toll free at 866.928.0928. 3 3
The Offering Issuer InspireMD, Inc. Exchange / Ticker NYSE MKT / NSPR Offering Type Best Efforts Offering Size $7,500,000 • 1 Preferred Stock – initially convertible to 4 shares of common stock • 1 5 year Series B Warrant to purchase 4 shares of common stock - exercise price 125 % premium Security Type of conversion price of the Preferred Stock • 1 6 month Series C Warrant to purchase 4 shares of common stock – exercise price equal to the conversion price of the Preferred Stock To further fund the expansion of our sales and marketing for CGuard TM EPS and MGuard TM EPS. If we receive sufficient proceeds from the exercise of the Series C Warrants, we plan to continue the development of and manufacturing enhancements of CGuard TM EPS and further our efforts to obtain Use of Proceeds an Investigation Device Exemption (IDE) for CGuard TM EPS. Any balance of the net proceeds will be used for general corporate purposes. Sole Bookrunner Dawson James Securities, Inc. 4
About InspireMD InspireMD is a commercial-stage medical device company with proprietary and innovative embolic prevention systems (EPS)/thrombus management technologies and neurovascular devices that seek to overcome the harmful consequences of conventional stenting. COMPANY TECHNOLOGY PRODUCTS NYSE MKT: NSPR Proprietary MicroNet™ Commercial: Founded: 2005 technology in multiple CGuard™ Carotid EPS products seeking a Employees: 34 MGuard™ Coronary EPS superior solution for the Headquarters: Tel Aviv treatment of complex Pipeline: vascular and coronary Manufacturing Next Gen CGuard™ - 5F disease Facility: Tel Aviv NGuard TM PVGuard™ 5
Investment Highlights • Multi-billion dollar opportunity for MicroNet™ products for multiple vascular markets • Current stents do not adequately address the risk of post-procedural embolization Consistent positive clinical trial results positioning CGuard TM as a potential standard-of-care in • treating carotid artery disease • Revenue growth driven by new commercialization strategy • Proven success with recent YOY sales growth of 67% in select markets with InspireMD managed regional distribution model • Transitioning from exclusive European distributor (18 countries) to established InspireMD managed regional distributor model • Expanding CGuard™ users to a greater number of vascular surgeons, interventional cardiologists, and interventional radiologists • Recent leadership changes focused on sales, marketing and high value pipeline development • Strategic collaboration outreach expanding for multiple MicroNet™ product applications • A broad portfolio of patent-protected assets 6
Embolization Following Carotid Artery Stenting “Plaque protrusion through stent struts occurs in up to 65% of conventional carotid stents in relation to plaque morphology/symptomatic status and stent type, providing a mechanism for post carotid artery stenting (CAS) cerebral embolization, either directly or via additional thrombus formation.”* 2/3 of CAS neurovascular events (stroke, TIA) are POST-procedural.** * Musialek, et.al. Eurointerventions 2016;12 August 2016. 7 ** Bosiers et al. Eur J Vasc Endovasc Surg Vol 33, Feb 2007.
Consequences Range from Neurological Deficit to Stroke Pre-Procedure Post-Procedure Pre-intervention showing 90% occlusion of the Post-intervention showing successful opening carotid artery and an MRI showing an old white of the occluded carotid artery with conventional matter infarction (obstruction). stenting and an MRI showing multiple micro- infarcts (obstructions) post-procedure due to liberation of embolic particles. 8 Cano et al. Rev Bras Cardiol Invasiva 2013; 21(2): 159-64.
MicroNet TM Prevents Distal Embolization and Other Vascular Disease Challenges • Ultrathin PET* mesh provides meaningful clinical benefit versus conventional devices • Provides revascularization benefit MicroNet TM acts as a “safety net” by offering greater vessel • area coverage to prevent large plaque protrusion through the scaffold into the vessel lumen • Made of a single fiber from a biocompatible polymer, widely used in other medical implants Stents incorporating MicroNet TM have identical deliverability to • other stents *PET – polyethylene terephthalate 9
Intellectual Property Portfolio • Proprietary platform technology supported by a robust intellectual property portfolio • Continue to strengthen and broaden patent protection globally to enable future pipeline products PATENT RIGHTS ISSUED ALLOWED PENDING USA 6 0 12 Rest of World 16 1 15 10
Large & Growing Addressable Market Embolic Prevention Market Focus CE Mark Products Oppty Area � CGuard™ $500M Carotid � MGuard™* $1.7B Coronary AMI & SVG Planned NGuard™ $675M Neurovascular Submission TBD Planned PVGuard™ $1.7B Submission Peripheral TBD * MGuard™ global strategy focused on drug eluting stent OEM partnership 11 * MGuard is a bare metal stent scaffold
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