12:40 PM EDT, 10/21/2025 (MT Newswires) -- Charming Medical (MCTA) shares were up nearly 60% in recent Tuesday trading after the healthcare company's stock marked its Nasdaq debut at higher than the $4-per-share IPO price.

The offering is expected to close by Wednesday, Charming Medical said.

The company plans to use the net proceeds to expand its business and geographic coverage, potential strategic acquisitions, research and development as well as for general working capital and corporate purposes, according to a statement.

Price: 5.50, Change: +1.50, Percent Change: +37.50