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Home » iCad prices $9m offering

iCad prices $9m offering

June 13, 2019 By Brad Perriello

iCadiCad (NSDQ:ICAD) today priced a stock offering that’s slated to gross just more than $9.0 million.

The Nashua, N.H.-based cancer detection and radiation therapy devices maker said it plans to float more than 1.6 million shares at $5.50 apiece, for expected net proceeds of about $8.3 million.

The offering includes a 30-day underwriters option on another 245,000 shares, which would bring in an extra $1.3 million if fully exercised. The flotation is slated to close June 17, iCad said.

The proceeds are earmarked for working capital and other general purposes, the company said. Craig-Hallum Capital is the sole underwriter on the offering.

Filed Under: Funding Roundup, Imaging, Oncology, Radiosurgery/Radiation therapy, Wall Street Beat Tagged With: iCad Inc.

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