iCAD announces plans to price public sale of 2 million common shares

Underwriters have a greenshoe for 300,000 additional shares

By Devika Patel

Knoxville, Tenn., March 5 - iCAD, Inc. will price a public offering of 2 million common shares with a greenshoe of 300,000 additional shares, according to an 8-K filed Wednesday with the Securities and Exchange Commission.

Craig-Hallum Capital Group LLC is the managing underwriter.

Proceeds will be used for working capital and other general corporate purposes.

iCAD, based in Nashua, N.H., develops computer-aided detection software used in medical diagnostics.

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