09:14 AM EDT, 07/17/2025 (MT Newswires) -- Stereotaxis ( STXS ) said Thursday it signed deals to sell about $12.5 million worth of common stock through a registered direct offering priced at $2 apiece.

The company said the first closing, totaling $8.5 million, is expected around Friday, with the remaining $4 million scheduled to close by Nov. 25.

Proceeds will likely support product launches, research efforts, and general operations, Stereotaxis ( STXS ) said.

The company's shares were down nearly 9% in recent Thursday premarket activity.