Perimeter Medical Imaging AI Announces $2.5 Million Public Offering

Perimeter Medical Imaging AI ( (TSE:PINK) ) has provided an update.

Perimeter Medical Imaging AI, Inc. has announced the pricing and terms of its public offering of units, aiming to raise at least $2.5 million through the issuance of a minimum of 8,333,334 securities. The proceeds will be used to further commercialize its technology and support product development, with the offering expected to attract U.S. institutional investors and company insiders. The offering is subject to regulatory approvals and is expected to close on or around June 3, 2025, with the potential to raise up to $15 million in total.

The most recent analyst rating on (TSE:PINK) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on Perimeter Medical Imaging AI stock, see the TSE:PINK Stock Forecast page.

Spark’s Take on TSE:PINK Stock

According to Spark, TipRanks’ AI Analyst, TSE:PINK is a Neutral.

Perimeter Medical Imaging AI is positioned in a growth phase with strong revenue increases and promising clinical advancements towards FDA approval. However, persistent net losses, cash flow constraints, and bearish technical indicators pose significant challenges. The valuation remains unattractive, but recent strategic corporate events offer potential for future expansion.

To see Spark’s full report on TSE:PINK stock, click here.

More about Perimeter Medical Imaging AI

Perimeter Medical Imaging AI, Inc. is a commercial-stage medical technology company focused on developing advanced imaging tools for the healthcare industry. The company is involved in the commercialization of its technology, establishing clinical evidence, and continuing product development.

Average Trading Volume: 55,321

Technical Sentiment Signal: Strong Sell

Current Market Cap: C$35.07M

See more insights into PINK stock on TipRanks’ Stock Analysis page.