06:00 PM EDT, 09/02/2025 (MT Newswires) -- Picard Medical ( PMI ) said Tuesday it closed its initial public offering of about 4.3 million shares at $4 per share, raising $17 million in gross proceeds before underwriting discounts and expenses.

The company granted the underwriters a 30-day option to purchase up to an additional 637,500 shares to cover any over-allotment.

Shares of Picard Medical ( PMI ) were up 1.6% in after-hours trading.