Ra Medical Systems (RMED) Prices $12M Offering at $0.50/sh

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Go back to Ra Medical Systems (RMED) Prices $12M Offering at $0.50/sh

Ra Medical Systems, Inc. Announces Pricing of $12.0 Million Underwritten Public Offering

February 4, 2022 8:30 AM EST

CARLSBAD, Calif.--(BUSINESS WIRE)-- Ra Medical Systems, Inc. (NYSE American: RMED), a medical device company focusing on developing its excimer laser system to treat vascular diseases, today announced the pricing of an underwritten public offering of units for gross proceeds of approximately $12.0 million prior to deducting underwriting discounts and commissions and offering expenses.

The offering is comprised of (i) 9,535,000 units, priced at a public offering price of $0.50 per unit, with each unit consisting of one share of common stock, one warrant to purchase one share of common stock... More