Digirad details potential $15 million nonconvertible preferreds

By James McCandless

San Antonio, March 12 – Digirad Corp. provided more details of its potential offering of up to $15 million of $25-par nonconvertible preferred stock, according to a filing with the Securities and Exchange Commission.

Roth Capital Partners, LLC and Aegis Capital Corp. are the bookrunners.

The preferreds have a mandatory redemption after nine years. Prior to that, they are redeemable after a change-of-control event.

Digirad would use the proceeds for working capital and for other general corporate purposes, including facilitating its diversified holding company structure.

The company plans to list the preferreds on the Nasdaq Global Select Market under the symbol “DRADP.”

Digirad is a Suwanee, Ga.-based diversified holding company specializing in health care solutions.

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