09:22 AM EDT, 06/10/2025 (MT Newswires) -- AirSculpt Technologies ( AIRS ) said Tuesday that it has priced a public offering of 3.2 million of its shares at $3.80 each, generating $12 million in gross proceeds for the body contouring company.

The company said it will provide underwriters for the deal with a 30-day option to buy up to 474,000 additional shares at the offering price to cover potential overallotments.

AirSculpt ( AIRS ) said it plans to use most of the net proceeds to repay its existing debt, with any remaining funds used for general corporate purposes.

AirScuplt shares were down more than 16% in recent Tuesday premarket activity.