DXR - Daxor to raise $2M in stock offering
- Daxor ( NASDAQ: DXR ) on Tuesday has priced its stock offering of 210,527 shares at $9.50 apiece.
- Gross proceeds is expected to be $2M.
- Underwriters have been granted an overallotment option to purchase up to an additional 10,527 shares.
- The company said it intends to use the net proceeds from the offering for working capital, general corporate purposes, including to develop its products, fund capital expenditures, make investments.
- Closing of the offering is expected on Nov. 17, 2022.
- Stock continued to head south, down 16% in pre-market on Tuesday, since Daxor first announced the plans of equity offering post-market yesterday .
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Daxor to raise $2M in stock offering