Hyperfine tumbles as stock offering priced at steep discount

Hyperfine

16/10/2025 13:50

** Shares of portable MRI maker Hyperfine HYPR.O down 31.8% premarket to $1.50 after deeply-discounted follow-on offering

** Guilford, Connecticut-based Hyperfine early Thurs announces pricing 14 mln shares at $1.25 for $17.5 mln gross raise

** Offering price is about 43% below stock's last close of $2.20

** Co, which has about 78.6 mln shares outstanding, intends to use net offering proceeds for working capital and general purposes, including commercial, manufacturing, and R&D activities

** Lake Street Capital Markets is sole bookrunner for the offering

** After the bell Weds, co said it expects Q3 rev of $3.4 mln following launch of its next generation Swoop system

** The consensus estimate among 3 analysts had called for Q3 rev of $3.5 mln, per LSEG data

** HYPR shares on Weds rose about 7%, extending YTD gain to 150%

** 2 analysts rate shares "buy" and 1 has "hold" with PTs of $0.85, $1.40 and $2.00 - LSEG

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))