ViewRay Announces Pricing of Public Offering of Common Stock

Date : 12/04/2019 @ 5:15AM
Source : PR Newswire (US)
Stock : ViewRay Inc (VRAY)
Quote : 3.03  -0.14 (-4.42%) @ 4:24PM
ViewRay share price Chart

ViewRay Announces Pricing of Public Offering of Common Stock

ViewRay (NASDAQ:VRAY)
Historical Stock Chart

2 Months : From Nov 2019 to Jan 2020

Click Here for more ViewRay Charts.

CLEVELAND, Dec. 4, 2019 /PRNewswire/ -- 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.

(PRNewsfoto/ViewRay, Inc.)

ViewRay intends to use the net proceeds from the offering for working capital and general corporate purposes, including capital expenditures, research and development expenses, investments, commercial expenses, clinical data generation costs and infrastructure expenses.

The offering is expected to close on or about December 6, 2019, subject to satisfaction of customary closing conditions.

Elekta AB (Nasdaq: EKTA-B.ST), an affiliate of Medtronic (NYSE: MDT) and an affiliate of ViewRay's largest shareholder, Fosun International Limited, will each be consummating their previously-announced investments in ViewRay by participating in this offering.

Piper Jaffray & Co. is acting as the lead bookrunner. Guggenheim Securities, LLC is also acting as a bookrunner. Oppenheimer & Co. Inc. is acting as co-manager for the offering.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission ("SEC") and became effective on February 7, 2019.  This offering is being made solely by means of a prospectus supplement and accompanying prospectus included in the registration statement.  A final prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov.  Alternatively, copies of the final prospectus supplement, when available, and the accompanying prospectus may be obtained by contacting  Piper Jaffray & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN55402, or by telephone at (800) 747-3924, or by email at prospectus@pjc.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification of these securities under the securities laws of any such state or jurisdiction.

Forward Looking Statements:

Except for historical information, certain statements in this press release, including statements regarding the completion and the anticipated use of proceeds of the public offering, as well as ViewRay's expectations regarding the completion of its proposed public offering, are forward-looking in nature and are subject to risks, uncertainties and assumptions about us, including, without limitation, risks and uncertainties related to market conditions and the satisfaction of closing conditions related to the public offering.  Such forward-looking statements involve substantial risks and uncertainties that relate to future events and the actual results could differ significantly from those expressed or implied by the forward-looking statements.  Any forward-looking statements are based on ViewRay's current expectations, estimates and assumptions regarding future events and are applicable only as of the dates of such statements.  ViewRay makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances that may change.  For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to ViewRay's business in general, please refer to the "Risk Factors" sections in ViewRay's preliminary prospectus supplement filed with the SEC on December 2, 2019, including the documents incorporated by reference therein, its Annual Report on Form 10-K filed with the SEC on March 15, 2019, its Quarterly Reports on Form 10-Q filed with the SEC on May 3, 2019, August 8, 2019, and November 12, 2019 and certain of its other reports filed with the SEC.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/viewray-announces-pricing-of-public-offering-of-common-stock-300968867.html

SOURCE ViewRay, Inc.

Copyright 2019 PR Newswire

Latest VRAY Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20200127 16:40:45