Solid-state gamma camera developer Digirad has filed a registration statement with the U.S. Securities and Exchange Commission in preparation for an initial public offering of common stock. The San Diego-based vendor said it intends to use the majority of the net proceeds primarily for general corporate purposes, including product development, marketing, capital expenditures, and working capital.
Digirad will use a portion of the funds to repay outstanding debt, and may also use funds for acquisitions or investments in complementary businesses. UBS Warburg is the lead manager for the offering and First Union Securities is a co-manager.
By AuntMinnie.com staff writersAugust 24, 2001
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Digirad highlights portable uses of compact digital gamma camera at SNM, June 27, 2001
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