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AXNX - Axonics secures $175M capital via equity raise
Axonics Modulation Technologies Inc.
Axonics (AXNX) has priced its public offering of 3.5M common shares at $50.00/share, for expected gross proceeds of $175M.Underwriters' over-allotment is an additional 525K shares. Net proceeds will be used to repay outstanding indebtedness, for commercialization purpose, R&D activities, working capital and general corporate purposes.Closing date is May 14.Shares down 4.6% after-hours.Previously (May 11): Axonics proposes $150M capital raise