RadNet shares are trading lower after the company announced the pricing of its underwritten public offering of 7.575 million shares for $29.75 per share and approximately $225 million in gross proceeds.
Portfolio Pulse from Benzinga Newsdesk
RadNet announced the pricing of its underwritten public offering of 7.575 million shares at $29.75 per share, raising approximately $225 million in gross proceeds. This news has led to a decline in RadNet's share price.
June 14, 2023 | 5:51 pm
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RadNet's share price is trading lower after announcing a public offering of 7.575 million shares at $29.75 per share, raising $225 million in gross proceeds.
The announcement of the public offering has led to a decline in RadNet's share price as the market reacts to the dilution of existing shares. The offering price is also lower than the current market price, which puts downward pressure on the stock.
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