Star Equity Stock Price Is Close To 0

The core business of Star Equity Holdings is to provide healthcare solutions such as imaging and monitoring services for physicians. In addition, it works in construction, real estate, and investment. STRR, owned by the company, has been decreasing since 2017. And today its cost is closer to zero, especially in the pre-market it has plummeted 34% to $1.1. In the last week alone, the decline was 24% during regular trading. The market capitalization of the company is $9.58M. 

Star Equity

Nevertheless, Star Equity announced a fixed public offering price of 9,500,000 shares (common shares) and warrants to purchase the same number of shares. Such a share sells for $1.50 with a regular warrant. These warrants will have a duration of 5 years from the date of issuance. It is estimated that the cash proceeds will be more than $14.2 million, including discounts on underwriting and placement costs. This offer will close on January 24 this year subject to the normal closing conditions. Maxim Group LLC was chosen as the placement accountant. More detailed information can be found on the website of holding.