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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100