ISR - Isoray in red on launching stock offering

Isoray (ISR) traded 10% down in after hours trade after it announced to offer and sell shares in an underwritten public offering; underwriters granted 30-day option to purchase up to an additional 15% of the shares.Offer size, terms not yet disclosed.Proceeds to be used for funding operations, research and development efforts, potential future acquisitions of complementary businesses or technologies, sales and marketing initiatives, and for general corporate purposes

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Isoray in red on launching stock offering