Hyperfine raises $6M in registered direct offering of common stock and warrants

Hyperfine, Inc.

Gross proceeds of $6.0M from sale of 4,511,278 shares and warrants at $1.33 per unit.
Warrants exercisable at $1.33 per share, immediately exercisable, expire in 5 years.
Offering expected to close on Feb 12, 2025; Lake Street Capital Markets as placement agent.
Proceeds to be used for working capital and general corporate purposes.
Existing cash plus offering proceeds expected to fund operations through end of 2026.

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