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Lucid Diagnostics Prices Registered Direct Offering of 18 Million Shares

-- Lucid Diagnostics (LUCD) said Thursday it priced an underwritten registered direct offering of 18 million common shares at $1 per share, for gross proceeds of $18 million.

The offering is anchored by a $15 million investment from a "fundamental institutional investor with support from a large existing shareholder," Lucid said.

Lucid said it plans to use the net proceeds for working capital and general corporate purposes.

The offering is expected to close on or about Friday, the company said.

Shares of Lucid Diagnostics were down 11.8% in early trading Thursday.

Price: $1.16, Change: $-0.16, Percent Change: -11.83%

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