Joint Bookrunner on Perspective Therapeutics Registered Direct Offering

Oppenheimer & Co. Inc. acted as Joint Bookrunner on Perspective Therapeutics’ $80MM Registered Direct Offering

Perspective Therapeutics, Inc. (“Perspective”) (NYSEAM: CATX), a radiopharmaceutical company that is pioneering advanced treatment applications for cancers throughout the body, announced the pricing of an underwritten offering of 51,515,880 shares of its common stock at an offering price of $1.51 per share and, to certain investors in lieu of common stock, pre-funded warrants to purchase 1,464,252 shares of its common stock at a price of $1.509 per pre-funded warrant. The aggregate gross proceeds from this offering are expected to be approximately $80 million, before deducting underwriting discounts and other offering expenses.

Perspective intends to use the net proceeds that it will receive from the offering for: (i) the continued clinical development of VMT-α-NET, VMT-01/02 and PSV359; (ii) the continued development of PSV40X and additional preclinical product candidates as well as broader development platform; and (iii) the build out, operation and expansion of manufacturing facilities, as well as for working capital and other general corporate purposes. A portion of the net proceeds may also be used to acquire, license or invest in complementary products, technologies, intellectual property or businesses, although Perspective has no present commitments or agreements to do so.