Benzinga | Oct 20, 2020 09:06AM EDT

Isoray Prices ~18.269M Share Common Stock Offering At $0.52/Unit

RICHLAND, Wash., Oct. 20, 2020 (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 18,269,230 shares of its common stock and warrants to purchase up to 9,134,615 shares of common stock at a combined offering price to the public of $0.52 per share and accompanying warrant. The warrants have an exercise price of $0.57 per share of common stock, are exercisable immediately, and expire five years from the date of issuance. Isoray intends to use the gross proceeds of approximately $9.5 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.