DIGIRAD CORPORATION (NASDAQ:DRAD) Files An 8-K Other Events

DIGIRAD CORPORATION (NASDAQ:DRAD) Files An 8-K Other Events
Item 8.01.  Other Events.

On June 10, 2020, Digirad Corporation (the “Company”) completed the sale of an additional 225,000 shares of the Company’s common stock, $0.0001 par value per share, to the exercise of the over-allotment option granted to the underwriters of the Company’s previously disclosed public offering, which closed on May 28, 2020. The additional shares were sold at the public offering price of $2.24 per share, before underwriting discounts. The closing of the sale of the over-allotment shares brings the total number of shares of common stock sold by the Company in the public offering to 2,450,000, and total gross proceeds to approximately $5.5 million.

The disclosures in this Form 8-K shall not constitute an offer to sell or the solicitation of an offer to buy securities of the Company, nor shall there be any sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.


About DIGIRAD CORPORATION (NASDAQ:DRAD)

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Digirad Corporation is a provider of diagnostic solutions. The Company’s business is organized into two segments: Diagnostic Services and Diagnostic Imaging. The Company provides in-office nuclear cardiology and ultrasound imaging services. It also provides cardiac event monitoring services to physician practices, hospitals and imaging centers through its Diagnostic Services business segment. The Company sells solid-state gamma cameras for nuclear cardiology and general nuclear medicine applications, as well as provides service on the products it sells through its Diagnostic Imaging business segment. Diagnostic Services also offers remote cardiac event monitoring services, which include provision of a monitor, remote monitoring by registered nurses and monitoring support for its patients and physician customers. Its nuclear cameras feature detectors based on solid-state technology. Its cameras are used in hospitals, imaging centers, physician offices, and by mobile service providers.

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