IPO - Hyperfine, Inc.

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'.

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