On October 16, 2025, Hyperfine announced it has commenced an underwritten public offering of its Class A common stock or pre‑funded warrants to purchase Class A common stock. The offering is being managed by Lake Street Capital Markets as the sole book‑runner and will be conducted under an effective shelf registration statement on Form S‑3 (File No. 333‑275449) filed with the SEC on November 9, 2023 and declared effective on November 22, 2023.
The company stated that the offering is subject to market and other conditions, and that there is no assurance as to the size, terms, or completion date. A preliminary prospectus supplement and accompanying base prospectus will be filed with the SEC and made available on the SEC website; the final terms will be disclosed in a final prospectus supplement once the offering is completed.
The proposed offering provides Hyperfine with a potential source of capital to support its growth initiatives, including commercialization of the next‑generation Swoop system and expansion into new markets. By raising equity, the company can extend its cash runway and reduce reliance on debt financing, signaling management’s intent to secure additional resources to accelerate product deployment and market penetration.
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