10:01 AM EDT, 08/30/2024 (MT Newswires) -- Catheter Precision ( VTAK ) said Friday that it priced an underwritten public offering of 347,277 common stock units and 2.8 million pre-funded warrant units at $1.00 per unit and $0.9999 per unit, respectively, for gross proceeds of about $3.1 million.

The company said it granted underwriters a 45-day option to buy additional common stock shares and/or common warrants, representing up to 15% of the total securities offered.

The offering is expected to close on or around Tuesday, the company said.

Catheter Precision ( VTAK ) shares were down 51% in early trading.

Price: 0.67, Change: -0.69, Percent Change: -50.74