2023-04-19 17:32:14 ET
- Alphatec ( NASDAQ: ATEC ) on Wednesday said it had priced its offering of about 4.29M shares at $14/share.
- "The gross proceeds to the Company, before deducting the underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $60M," ATEC said in a statement .
- The offering is expected to close on or around April 21.
- Separately, ATEC earlier announced an acquisition of a robotic system for $55M and preliminary Q1 revenue above consensus.
- Alphatec ( ATEC ) stock was down 2.3% to $16.01 after hours.
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Alphatec announces $60M underwritten offering