NASHUA, N.H.--(BUSINESS WIRE)--iCAD, Inc. (“iCAD”) (NASDAQ: ICAD), an industry-leading provider of advanced image analysis, workflow solutions and radiation therapy solutions for the early identification and treatment of cancer, today announced it has closed its previously-announced registered firm commitment underwritten public offering of 2,760,000 shares at a price to the public of $11.00 per share. The number of shares sold in the offering includes the underwriter’s full exercise of the over-allotment option to purchase 360,000 common shares. iCAD estimates net proceeds from the offering to be approximately $28.2 million, after deducting underwriting discounts and estimated offering expenses. iCAD intends to use the proceeds from the offering for working capital and other general corporate purposes.
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