- OrthoPediatrics ( NASDAQ: KIDS ) on Wednesday announced an underwritten public offering of its stock and, in lieu of stock to certain investors, pre-funded warrants to buy shares.
- KIDS expects to grant underwriters a 30-day option to buy additional shares.
- There can be no assurance as to whether or when the offering may be completed.
- KIDS intends to use net proceeds to invest in implant and instrument sets for consignment to customers, repay long-term debt, fund R&D activities, expand sales and marketing programs, and for general corporate purposes.
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OrthoPediatrics announces public offering of stock, pre-funded warrants