RadNet Announces Pricing of Public Offering of Common Stock
08 Marzo 2024 - 3:54AM
RadNet, Inc. (NASDAQ: RDNT), a national leader in
providing high-quality, cost-effective, fixed-site outpatient
diagnostic imaging services, announced today the pricing of its
underwritten public offering of 4,550,000 shares of its common
stock at a price to the public of $44.00 per share. The gross
proceeds to RadNet from the offering, before deducting the
underwriting discounts and commissions and other offering expenses,
are expected to be approximately $200 million. In addition,
RadNet has granted the underwriters a 30-day option to
purchase up to an additional 682,500 shares of common stock at the
public offering price, less underwriting discounts and commissions.
The offering is expected to close on or about March 12, 2024,
subject to satisfaction of customary closing conditions.
RadNet intends to use the net proceeds from the
proposed offering for general corporate purposes and future
acquisitions.
Jefferies and Raymond James are acting as joint
active book-running managers for the offering. Truist Securities
and Barclays are also acting as joint book-running managers for the
offering. RBC Capital Markets, Sidoti & Company, LLC and CJS
Securities are acting as co-managers for the offering.
The securities described above are being offered
by RadNet pursuant to a shelf registration statement previously
filed and declared effective by the Securities and Exchange
Commission (“SEC”). When available, copies of the final prospectus
supplement and the accompanying prospectus relating to the offering
may be obtained from: Jefferies LLC, Attention: Equity Syndicate
Prospectus Department, 520 Madison Avenue, New York, NY 10022, by
telephone at (877) 821-7388 or by email at
prospectus_department@jefferies.com; or from Raymond James &
Associates, Inc., Attention: Equity Syndicate, 880 Carillon
Parkway, St. Petersburg, Florida 33716, by telephone at (800)
248-8863, or by email at prospectus@raymondjames.com. Electronic
copies of the preliminary prospectus supplement and accompanying
prospectus were filed with the SEC and are available on the website
of the SEC at http://www.sec.gov.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy these securities,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to the registration or qualification under the
securities laws of any such state or jurisdiction.
About RadNet, Inc.
RadNet, Inc., is the leading national provider
of freestanding, fixed-site diagnostic imaging services and related
information technology solutions (including artificial
intelligence) in the United States based on the number of locations
and annual imaging revenue. RadNet has a network of 366 owned
and/or operated outpatient imaging centers. RadNet’s markets
include Arizona, California, Delaware, Florida, Maryland, New
Jersey and New York. Together with affiliated radiologists,
inclusive of full-time and per diem employees and technologists,
RadNet has a total of over 9,700 employees.
Forward-Looking Statements
RadNet cautions you that statements contained in
this press release regarding matters that are not historical facts
are forward-looking statements. These statements are based on the
company’s current beliefs and expectations. Such forward-looking
statements include, but are not limited to, statements relating to
the offering, including the timing and size of the offering and the
anticipated use of proceeds therefrom and the grant of the
underwriters’ option to purchase additional shares. The inclusion
of forward-looking statements should not be regarded as a
representation by RadNet that any of its plans will be achieved.
Actual results may differ from those set forth in this press
release due to the risks and uncertainties inherent in RadNet’s
business, including, without limitation: the risks and
uncertainties associated with market conditions and the
satisfaction of customary closing conditions related to the
proposed public offering and the other risks and uncertainties
described in the Company’s filings with the SEC, included under the
heading “Risk Factors” in the Company’s Annual Report on Form 10-K
and any subsequent filings with the SEC. You are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date hereof, and RadNet undertakes no
obligation to update such statements to reflect events that occur
or circumstances that exist after the date hereof. All
forward-looking statements are qualified in their entirety by this
cautionary statement, which is made under the safe harbor
provisions of the Private Securities Litigation Reform Act of
1995.
CONTACTS:
RadNet, Inc.Mark
Stolper, 310-445-2800Executive Vice President and
Chief Financial Officer
Grafico Azioni RadNet (NASDAQ:RDNT)
Storico
Da Apr 2024 a Mag 2024
Grafico Azioni RadNet (NASDAQ:RDNT)
Storico
Da Mag 2023 a Mag 2024