Heska planning issuance of $150M in new stock

LOVELAND — Veterinary diagnostics developer Heska Corp. (Nasdaq: HSKA) is launching a sale of up to $150 million in new stock as it continues to pursue an aggressive growth strategy.

In a statement, the Loveland company did not specify the price per share of the stock issuance as it will be priced once the issuance is made effective with the U.S. Securities and Exchange Commission.

If issued at the company’s Monday closing price of $196.55 per share, the stock sale would add as much as 763,165 shares and increase the size of its shares outstanding by approximately 8% before the offering’s underwriters…