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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Wed., Dec. 11, 7:28 AM

Slide #17. ViewRay, Inc. Secondary Offering

Company: ViewRay, Inc. (NASDAQ:VRAY)
Date announced: 12/2/2019
Shares Offered: 41,550,000
Date of Pricing: 12/4/2019
Price Per Share: $3.13
Secondary Offering Details: ViewRay, Inc. (Nasdaq: VRAY), maker of the MRIdian, which combines MRI and external-beam radiation therapy to simultaneously image and treat cancer patients, today announced that it has commenced an underwritten public offering of $75.0 million of shares of its common stock. In addition, ViewRay expects to grant the underwriters a 30-day option to purchase up to an additional $11.25 million of shares of common stock at the public offering price, less the underwriting discounts and commissions. All of the shares of common stock to be sold in the offering will be offered by ViewRay. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. -updated 12/4- ViewRay, Inc. (Nasdaq: VRAY), maker of the MRIdian, which combines MRI and external-beam radiation therapy to simultaneously image and treat cancer patients, today announced the pricing of an underwritten public offering of 41,550,000 shares of common stock at a price to the public of $3.13 per share, for gross proceeds of approximately $130.1 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by ViewRay. All of the shares to be sold in the offering will be offered by ViewRay. In addition, ViewRay has granted the underwriters of the offering a 30-day option to purchase up to an additional 6,232,500 shares of common stock at the public offering price, less underwriting discounts and commissions.

ViewRay designs, manufactures and markets MRIdian®, a magnetic resonance imaging (MRI)-guided radiation therapy system that combines MRI and external-beam radiation therapy to simultaneously image and treat cancer patients. MRIdian integrates MRI technology, radiation delivery and Co.'s proprietary software to see the soft tissue, shape the dose to accommodate for changes in anatomy and strike the target using real-time targeting throughout the treatment. Co. markets MRIdian to a range of worldwide customers, including university research and teaching hospitals, community hospitals, private practices, government institutions and freestanding cancer centers.

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Company Name:  ViewRay Inc
Website:  www.viewray.com
Sector:  Medical Instruments & Supplies
Number of ETFs Holding VRAY:  14
Total Market Value Held by ETFs:  $24.69M
Total Market Capitalization:  $400.00M
% of Market Cap. Held by ETFs:  6.17%
 

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December 11, 2019    7:28 AM Eastern
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Strong Buy (3.56 out of 4)
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