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Update: Opsens Falls 7% as Launches $25 Million Bought Deal Offering

· 02/05/2021 05:20

10:14 AM EST, 02/05/2021 (MT Newswires) -- Opsens Inc. (OPS.TO) at last look lost 7.2% after saying Friday that it aims to raise $25 million in a bought-deal offering of 13,888,889 shares priced at $1.80 apiece.

Opsen granted the underwriters an option to buy up to an additional 2,083,333 shares for $3.7 million in additional proceeds.

The company, which is focused on artery stenosis measurement in interventional cardiology, plans to use the proceeds for working capital and general corporate purposes. Closing is expected Feb. 25.

Price: 1.80, Change: -0.14, Percent Change: -7.22