RadNet shares are trading lower after the company announced a proposed $475 million underwritten public offering of common stock.
Portfolio Pulse from Benzinga Newsdesk
RadNet announced a proposed $475 million underwritten public offering of common stock, causing its shares to trade lower.
June 13, 2023 | 8:57 pm
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RadNet's stock price is trading lower due to the announcement of a $475 million underwritten public offering of common stock.
The announcement of a $475 million underwritten public offering of common stock has led to a decrease in RadNet's stock price. This is because the offering dilutes the value of existing shares, causing the stock price to drop in the short term.
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