other_material
confidence high
sentiment neutral
materiality 0.60
PAVmed subsidiary Lucid Diagnostics closes $28.75M stock offering at $1.00/share
PAVmed Inc.
- Lucid Diagnostics sold 28.75M shares at $1.00 each via underwritten offering.
- Underwriters' option for 3.75M shares exercised in full at closing.
- Net proceeds expected to be approximately $26.9 million after expenses.
- Funds to be used for working capital and general corporate purposes.
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