IPO - Hyperfine, Inc.

Form Type: 424B5

Filing Date: 2025-05-13

Corporate Action: Ipo

Type: Update

Accession Number: 000119312525118856

Filing Summary: This document is Amendment No. 2 to the Prospectus Supplement dated November 22, 2023, related to Hyperfine, Inc.'s offering of Class A common stock. The company has entered into a Sales Agreement with B. Riley Securities, Inc. allowing for the offering of up to $50 million in common stock. As of May 13, 2025, Hyperfine has sold 898,119 shares for gross proceeds of approximately $1.01 million, leaving approximately $48.99 million available for future sales under the agreement. This amendment is significant as it allows the company to increase the amount of stock eligible for sale due to changes in compliance with General Instruction I.B.6 of Form S-3. The public float of the stock was calculated at approximately $95.82 million based on market conditions and share outstanding as of February 6, 2025. The document emphasizes the risks of investing in the stock and clarifies the SEC's non-endorsement of the securities offered.

Form Type: 424B5

Filing Date: 2025-02-11

Corporate Action: Ipo

Type: New

Accession Number: 000119312525024322

Filing Summary: Hyperfine, Inc. is offering 4,511,278 shares of Class A common stock, accompanied by warrants to purchase an equal number of shares at an exercise price of $1.33 per share. The offering price is set at a combined purchase price of $1.33 per share and accompanying warrant. The securities will be issued separately and are immediately separable upon issuance. The warrants are exercisable immediately and expire five years from the date of issuance. The last reported sale price of the Class A common stock on February 10, 2025, was $1.67 per share. Net proceeds from the offering are estimated to be approximately $5.2 million after deducting placement agent fees and offering expenses. The proceeds will be utilized for working capital and general corporate purposes, including commercial, manufacturing, and research and development activities. The delivery of the securities is expected to occur on or about February 12, 2025, and the Class A common stock will be listed on The Nasdaq Global Market under the symbol 'HYPR'.