Vicarious Surgical Shares Hit 52-Week Low After Public Offering Prices

By Chris Wack

Vicarious Surgical shares were down 43% to 93 cents after its underwritten public offering of 45 million shares priced at $1 each.
The stock hit its 52-week low of 90 cents earlier in the session, and is down 79% in the past 12 months.

The robot technology company has granted the underwriters a 30-day option to buy up to an additional 6.75 million shares.
Before deducting the underwriting discounts and commissions and estimated offering expenses, the company expects to receive proceeds of $45 million, assuming no exercise of the underwriters’ option to purchase additional shares.
The offering is expected to close on or about Monday.
Write to Chris Wack at [email protected]