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Tela Bio ( NASDAQ: TELA ) priced an offering of 4M common shares at $8 apiece to raise $32M in gross proceeds.
The company granted the underwriter a 30-day option to buy up to an additional 600K shares.
Tela intends to use the net proceeds for working capital and general corporate purposes, including for research and development costs, acquisition or licensing of other businesses or products, and capital expenditures, among other things.