BUZZ-Hyperfine falls after pricing stock offering

Reuters

2025/02/11

BUZZ-<a href="https://laohu8.com/S/HYPR">Hyperfine</a> falls after pricing stock offering

** Shares of portable MRI maker Hyperfine HYPR.O fall 16.2% to $1.40 premarket

** HYPR says it is raising ~$6 mln by selling ~4.5 mln shares and warrants

** Combined offering price is $1.33/shr; representing a 20.4% discount to the stock's last close

** Co says it intends to use the proceeds for working capital and general corporate purposes

** Lake Street Capital Markets is acting as the exclusive placement agent for the offering

** HYPR fell ~22% in 2024

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

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