IsoRay (ISR) Prices 9.135M Share & Warrants Offering at $0.52/Sh

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.

Oppenheimer & Co. Inc. is acting as the sole book-running manager for the offering.

The shares of common stock and the warrants to purchase shares of common stock were sold by Isoray pursuant to a "shelf" registration statement on Form S-3 that was originally filed on January 23, 2020, and declared effective by the Securities and Exchange Commission ("SEC") on February 4, 2020, and the base prospectus contained therein (File No. 333-236025).

Before investing in the offering, you should read in their entirety the preliminary prospectus supplement, the accompanying prospectus and the other documents that Isoray has filed with the SEC that are incorporated by reference in the preliminary prospectus supplement and the accompanying prospectus, which provide more information about Isoray and the offering.

You May Also Be Interested In

• GD Culture Group prices $5.45M stock offering at $0.021 per share
• Alpex Acquisition prices $100M IPO on Nasdaq
• Western Union awaits final state approval to close Intermex deal