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DAXOR CORPORATION (NASDAQ:DXR) ("Daxor", or the "Company"), the global leader in blood volume measurement technology, today announced the pricing of its previously announced underwritten public offering of 410,260 shares of its common stock at a public offering price of $9.75 per share. Gross proceeds from the offering are expected to be approximately $4.0 million before deducting underwriting discounts, commissions, and estimated offering expenses.
Maxim Group LLC is acting as the sole book-running manager and Joseph Gunnar & Co., LLC is acting as co-manager for the offering.
Daxor intends to use the net proceeds from the offering for working capital and other general corporate purposes, including to develop our products, fund capital expenditures, make investments in or acquisitions of other businesses, solutions or technologies or repay a portion of our outstanding borrowings.
Daxor has granted the underwriters a 45-day option to purchase up to an additional 61,539 shares of common stock. The offering is expected to close on or about May 24, 2023, subject to the satisfaction of customary closing conditions.
Posted In: DXR
