Hyperfine Prices $6 Million Share, Warrant Offering

MT Newswires Live
02-11

Hyperfine (HYPR) said Tuesday it has agreed to sell about 4.5 million shares along with warrants to purchase up to approximately 4.5 million shares at a price of $1.33 per share-and-warrant pair in a registered direct offering.

The health technology company said gross proceeds are expected to total $6.0 million once the offering closes Wednesday.

Hyperfine said it plans to use net proceeds for working capital and general corporate purposes.

Shares of the company were down more than 14% in Tuesday's premarket activity.

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