TELA - TELA prices $45M public offering
2023-04-19 05:00:09 ET
- Commercial-stage medical technology company, TELA ( NASDAQ: TELA ) announced underwritten public offering of 4.75M shares at a price to the public of $9.50 per share.
- Gross proceeds of $45.125M.
- Underwriters have a 30-day option to purchase up to an additional 712.5K shares.
- Offering is expected to close on or about April 21, 2023.
- Net proceeds to be deployed for general corporate purposes, including but not limited to sales and marketing, research and development activities, general and administrative matters, working capital and capital expenditures.
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TELA prices $45M public offering