- Biote ( NASDAQ: BTMD ) has priced an underwritten public offering of 7,391,305 shares of its Class A common stock by certain of its stockholders at $3.00 per share.
- The sellers have granted the underwriters a 30-day option to purchase an aggregate of not more than 1,108,695 additional shares of the company’s Class A common stock on the same terms and conditions.
- Gross proceeds from the offering are expected to be $22.17M.
- The company will not receive any of the proceeds from the sale. The offering is expected to close on or about January 9, 2023.
For further details see:
Biote prices stock offering by sellers