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Stock impact report

Digirad Corporation Announces Potential Nonconvertible Preferred Stock Offering

DIGIRAD (DRAD) 
Last digirad earnings: 11/3 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: drad.client.shareholder.com
Company Research Source: GlobeNewswire
SUWANEE, Ga., March 12, 2019 (GLOBE NEWSWIRE) -- Digirad Corporation (NASDAQ: DRAD) (“Digirad”, “DRAD”, or “the Company”) announced today that it plans to file a preliminary registration statement on Form S-1 with the Securities and Exchange Commission for a potential offering of nonconvertible preferred stock.  The Company is targeting a capital raise of up to $15 million.  The initial use of proceeds will be for working capital and for other general corporate purposes, including to facilitate Digirad’s diversified holding company structure. As disclosed in a press release issued by the Company on September 10, 2018, Digirad’s Board of Directors approved the conversion of Digirad into a diversified holding company (“HoldCo”).  Digirad believes that converting into a diversified holding company with a shared services center will create tremendous value for Digirad stockholders, both immediately and over the long-term.  As part of this new strategy, DRAD has begun to look at acquisi Show less Read more
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