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Radius Global Infrastructure Q1 Net Loss Narrows; To Sell Common Shares in Private Offering

05/12/2021 04:02

07:55 AM EDT, 05/12/2021 (MT Newswires) -- Radius Global Infrastructure (RADI) reported Wednesday a Q1 net loss of $0.66 per diluted share, compared with a loss of $1.34 a year ago.

Revenue was $22.2 million, up from $8.8 million a year ago.

The company also said it is issuing 14.34 million class A common shares in a private offering to various investors at $13.95 apiece. The offering is expected to close May 14.

Price: 13.98, Change: -0.42, Percent Change: -2.92