other material
confidence high
sentiment neutral
materiality 0.70
RadNet closes $230.2M common stock offering (5.23M shares at $44.00/share)
RadNet, Inc.
- Closed public offering of 5,232,500 shares at $44.00/share, including full exercise of underwriters' option for 682,500 additional shares.
- Gross proceeds ~$230.2M; net proceeds ~$218.2M after underwriting discounts and estimated expenses.
- Proceeds to be used for general corporate purposes and potential future acquisitions.
- Jefferies and Raymond James were joint book-running managers; Truist, Barclays also acted as book-runners.