Catheter Precision, Inc. Announces Closing of $3.6 Million Public Offering

FORT MILL, SC / ACCESSWIRE / September 3, 2024 / Catheter Precision, Inc. (NYSE American: VTAK) has closed its previously announced public offering of 805,900 common stock units. This includes 458,623 common stock units issued upon the exercise of the underwriters' over-allotment option. The common stock units were priced at $1.00 per unit. Additionally, 2,773,000 pre-funded warrant units were priced at $0.9999 per unit.

Each common stock unit and pre-funded warrant unit comprises one share of common stock or a pre-funded warrant to purchase one share of common stock at an exercise price of $0.0001. Also included are three types of warrants: Series H, Series I, and Series J, each priced at $1.00 per share, expiring at different intervals from six months to five years.

Ladenburg Thalmann & Co. Inc. acted as the sole book-running manager for the offering. The securities were offered pursuant to registration statements on Form S-1, which became effective on August 29 and 30, 2024, respectively. The final prospectus for the offering was filed with the SEC on September 3, 2024.