09:02 AM EST, 02/11/2025 (MT Newswires) -- Hyperfine (HYPR) said Tuesday it has agreed to sell about 4.5 million shares along with warrants to purchase up to approximately 4.5 million shares at a price of $1.33 per share-and-warrant pair in a registered direct offering.

The health technology company said gross proceeds are expected to total $6.0 million once the offering closes Wednesday.

Hyperfine said it plans to use net proceeds for working capital and general corporate purposes.

Shares of the company were down more than 14% in Tuesday's premarket activity.