Inari Medical edges down after securing $162 mln equity raise

Inari Medical

11/03/2022 13:57

** Inari Medical  NARI.O  shares down 0.3% at $83.50
premarket after follow-on prices
    ** Seller of devices to remove blood clots sold 2 mln shares
at $81 for $162 mln gross raise  urn:newsml:reuters.com:*:nGNX63H81l
    ** Co to use net offering proceeds to fund research,
clinical development activities, expand in U.S. and globally
    ** Shares on Thurs tumbled 14.4% to close at $83.78 for
~$4.2 bln market cap  urn:newsml:reuters.com:*:nL2N2VD1NN
    ** Co last month forecasted FY 2022 rev of $350-$360 mln,
reflecting approx 28% growth at the midpoint over 2021
 urn:newsml:reuters.com:*:nGNX5R70cp
    ** Shares down ~8% YTD. Stock hit record high of $127.42
exactly a year ago

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))