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RxSight Inc (NASDAQ:RXST) shares are trading lower by 9.22% to $12.50 Wednesday morning after the company announced pricing of a public offering of common stock.
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RxSight says the company expects to sell 4,000,000 shares of its common stock at a price to the public of $12.50 per share. RxSight has also granted the underwriter a 30-day option to purchase up to an additional 600,000 shares of its common stock at the public offering price, less underwriting discounts and commissions.
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The offering is expected to close on or about February 10. RxSight meanwhile intends to use the net proceeds from the offering for continued commercial and marketing expansion, funding of product development, research and clinical development, and for working capital and general corporate purposes.
According to data from Benzinga Pro, RXST has a 52-week high of $16.99 and a 52-week low of $9.78.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.