IONM - Assure Holdings stock slides after pricing $6.2M stock offering
- Assure Holdings ( NASDAQ: IONM ) shares slumped 21.4% premarket on Monday after the firm has priced an underwritten public offering with gross proceeds to the company expected to be ~$6.2M.
- The offering equates to 5,58M shares at a price to the public of $1.12/share.
- Net proceeds from this offering will be used for general corporate purposes.
- Underwriters are granted a 45-day option to purchase additional shares of common stock or pre-funded warrants, representing up to 15% of the number of the securities offered in the base deal.
- Offering is expected to close on August 24, 2022.
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Assure Holdings stock slides after pricing $6.2M stock offering