2023-04-25 05:53:59 ET
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Establishment Labs ( NASDAQ: ESTA ) has priced its public offering of 1,100,000 common shares at a price of $71.50 per share, for expected gross proceeds to be ~$78.7 million.
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Offering is scheduled to close on April 27, 2023.
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Underwriters are granted a 30-day option to purchase up to 165,000 additional common shares, at the public offering price.
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Net proceeds from this offering , together with its existing cash, will be used for general corporate purposes, including sales and marketing, research and development activities, general and administrative matters, working capital and capital expenditures.
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Shares of ESTA are down 0.83% after-hours on Monday to $72.75.
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Earlier on Monday, Establishment Labs says preliminary Q1 revenue ~$46.5M, announces stock offering .
For further details see:
Establishment Labs prices ~$78.7M stock offering