RadNet, Inc. Files 8-K with Financial Updates

TL;DR

RadNet filed an 8-K on March 7th, updating its financial and other events.

AI Summary

RadNet, Inc. filed an 8-K on March 12, 2024, reporting other events and financial statements as of March 7, 2024. The filing details the company's principal executive offices located at 1510 Cotner Avenue, Los Angeles, California, 90025.

Why It Matters

This 8-K filing provides an update on RadNet, Inc.'s corporate activities and financial reporting, which is crucial for investors to stay informed about the company's status.

Risk Assessment

Risk Level: low — This filing is a routine 8-K report and does not appear to contain any significant new risks or material adverse information.

Key Players & Entities

• RadNet, Inc. (company) — Registrant
• 1510 Cotner Avenue, Los Angeles, California, 90025 (location) — Principal Executive Offices
• March 7, 2024 (date) — Date of earliest event reported
• March 12, 2024 (date) — Filing Date

FAQ

Key Financial Figures

• $0.0001 — nge on which registered Common Stock, $0.0001 par value RDNT NASDAQ Global Market
• $44.00 — rice to the public in this offering was $44.00 per share. The Underwriters agreed to p
• $41.80 — he Underwriting Agreement at a price of $41.80 per share. In addition, under the terms
• $230.2 million — on, for gross proceeds of approximately $230.2 million. The net proceeds to the Company from t
• $218.2 m — y from this offering were approximately $218.2 million, after deducting underwriting dis

Filing Documents

• radnet_8k.htm (8-K) — 36KB
• radnet_ex0101.htm (EX-1.1) — 302KB
• radnet_ex0501.htm (EX-5.1) — 14KB
• radnet_ex9901.htm (EX-99.1) — 8KB
• radnet_ex9902.htm (EX-99.2) — 9KB
• radnet_ex9903.htm (EX-99.3) — 7KB
• image_001.jpg (GRAPHIC) — 3KB
• image_002.jpg (GRAPHIC) — 4KB
• image_003.jpg (GRAPHIC) — 4KB
• image_004.jpg (GRAPHIC) — 4KB
• 0001683168-24-001430.txt ( ) — 650KB
• rdnt-20240307.xsd (EX-101.SCH) — 3KB
• rdnt-20240307_lab.xml (EX-101.LAB) — 33KB
• rdnt-20240307_pre.xml (EX-101.PRE) — 22KB
• radnet_8k_htm.xml (XML) — 3KB

01

Item 8.01. Other Events. On March 7, 2024, RadNet, Inc. ("RadNet" or the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with Jefferies LLC and Raymond James & Associates, Inc., as representatives of the several underwriters named therein (collectively, the "Underwriters"), relating to the issuance and sale of 4,550,000 shares of the Company's common stock, par value $0.0001 per share (the "Common Stock"). The price to the public in this offering was $44.00 per share. The Underwriters agreed to purchase the shares from the Company pursuant to the Underwriting Agreement at a price of $41.80 per share. In addition, under the terms of the Underwriting Agreement, the Company granted the Underwriters the option, exercisable for 30 days, to purchase up to 682,500 additional shares of Common Stock at the public offering price less the underwriting discounts and commissions (the "Underwriters' Option"). The offering and the sale of the shares closed on March 12, 2024. In the aggregate, the Company sold 5,232,500 shares, including the exercise in full of the Underwriters' Option, for gross proceeds of approximately $230.2 million. The net proceeds to the Company from this offering were approximately $218.2 million, after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. The Company intends to use the net proceeds from the offering for general corporate purposes and future acquisitions. The offering was made pursuant to the Company's shelf registration statement on Form S-3ASR (Registration Statement No. 333-269025) previously filed with and declared effective by the Securities and Exchange Commission (the "SEC"), and a prospectus supplement and accompanying prospectus filed with the SEC. The Underwriting Agreement contains customary representations, warranties and agreements by the Company, indemnification obligations of the Company and the Underwriters, including for liabilities u

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description of Exhibit 1.1 Underwriting Agreement, dated March 7, 2024 among RadNet, Inc. and Jefferies LLC and Raymond James & Associates, Inc., as representatives of the several underwriters named therein 5.1 Legal Opinion of Sheppard Mullin Richter & Hampton LLP 23.1 Consent of Sheppard Mullin Richter & Hampton LLP (included in Exhibit 5.1 ) 99.1 Press Release dated March 7, 2024 99.2 Press Release dated March 7, 2024 99.3 Press Release dated March 12, 2024 104 Cover Page Interactive Data File (embedded within the inline XBRL document) 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: March 12, 2024 RADNET, INC. By: /s/ Mark D. Stolper Name: Mark D. Stolper Title: Chief Financial Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR