- Medical device company SeaStar Medical (NASDAQ:ICU) announces secondary offering of up to 650,447 shares by a single institutional investor.
- The company will not receive any proceeds from the sale of the shares by the selling securityholder.
- In the event the selling security holder exercises all warrants in cash at an exercise price of $20.75 per share, the company may receive ~$13.5M of gross proceeds resulting from such exercises.
- Prior, on June 7, 2024, the company effected a 1-for-25 reverse stock split to regain compliance with Nasdaq $1.00 minimum bid price requirement.
- The stock price gained 4.3% on Friday during pre-market hours of trade.
- Source: Form S-3
SeaStar Medical drops 4%, announces secondary offering
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| Symbol | Last Price | % Chg |
|---|---|---|
| ICU | - | - |
| SeaStar Medical Holding Corporation | ||