Daxor Corp. stock DXR, +6.06% fell 22% in premarket on Monday after the company announced its plans to issue shares. The company announced its plan to issue stock in a filing to the Securities and Exchange Commission (SEC) on Friday. It did not disclose the number of shares that would be issued. Maxim Group has been engaged as the sole underwriter for this deal. The proceeds will be used to fund working capital, as well as other corporate purposes. These may include funding capex, product development, acquisitions, technology investment, or debt repayment. Stocks have gained 33.6% over the past year, according to Friday’s closing price, while S&P 500 SPX, -0.14% is up 9%.