Reported Earlier, RadNet Prices Public Offering Of 4.55M Common Stock At $44/Share
Portfolio Pulse from Benzinga Newsdesk
RadNet, Inc. (NASDAQ:RDNT) announced the pricing of its underwritten public offering of 4.55 million shares at $44 per share, expecting gross proceeds of approximately $200 million before expenses.
March 08, 2024 | 6:44 am
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RadNet, Inc. prices its public offering of 4.55 million shares at $44 per share, aiming for gross proceeds of about $200 million.
The announcement of a public offering and its pricing details are crucial for investors as they directly affect the company's capital structure and potentially its stock price. However, the impact on the stock price can be neutral in the short term as the market absorbs the new shares and evaluates the use of proceeds.
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