Benzinga | Feb 4, 2021 08:32AM EST

Isoray Prices 36M hare Common Stock Offering At $1.25/Share

RICHLAND, Wash., Feb. 04, 2021 (GLOBE NEWSWIRE) -- Isoray, Inc. (NYSE:ISR), a medical technology company and innovator in seed brachytherapy powering expanding treatment options throughout the body, announced the pricing of its public offering of 36,000,000 shares of its common stock at an offering price to the public of $1.25 per share. Isoray intends to use the gross proceeds of approximately $45 million, before deducting underwriting discounts and commissions and estimated offering expenses, from the offering to fund operations, research and development efforts, potential future acquisitions of complementary businesses or technologies, sales and marketing initiatives, and for general corporate purposes, including general and administrative expenses, capital expenditures, and for general working capital purposes.