03:04 PM EDT, 10/16/2025 (MT Newswires) -- Hyperfine (HYPR) shares plunged about 40% in recent Thursday trading after the firm priced its underwritten public offering of 14 million Class A shares at $1.25 each to raise about $17.5 million.

The stock closed at $2.20 Wednesday.

The health technology firm said it has granted its underwriter, Lake Street Capital Markets, a 30-day option to buy up to 2.1 million additional shares. It expects to close the offering Oct. 17.

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

Price: 1.31, Change: -0.89, Percent Change: -40.45