Alphatec Holdings, Inc. Announces Proposed Public Offering of Common Stock
30 Juillet 2019 - 10:01PM
Alphatec Holdings, Inc. (“ATEC”) (NASDAQ: ATEC), a provider of
innovative spine surgery solutions dedicated to revolutionizing the
approach to spine surgery, today announced that it has commenced an
underwritten public offering of its common stock. In connection
with the offering, ATEC intends to grant the underwriters a 30-day
option to purchase up to an additional 15% of the shares of common
stock sold in the offering. All of the shares in the offering are
to be sold by ATEC. There can be no assurance as to whether or when
the offering may be completed, or as to the actual size or terms of
the offering.
Piper Jaffray and Canaccord Genuity are acting
as joint book-running managers in the offering. Lake Street Capital
Markets is acting as co-manager in the offering.
ATEC intends to use the net proceeds of the
offering for general corporate purposes, including working capital,
capital expenditures, and continued research and development with
respect to products and technologies. A portion of the net proceeds
of the offering may be used to fund possible investments in or
acquisitions of complementary businesses, products, or
technologies. ATEC currently does not have any agreements or
commitments to complete any such transaction.
The shares of common stock are being offered
pursuant to a shelf registration statement on Form S-3 (File No.
333-221085) previously filed with and declared effective by
the Securities and Exchange Commission. The offering will
be made only by means of a written prospectus and prospectus
supplement. A preliminary prospectus supplement and accompanying
prospectus relating to the offering will be filed with the SEC and
will be available on the SEC’s website at www.sec.gov. When
available, copies of the preliminary prospectus supplement and
accompanying prospectus may also be obtained from Piper Jaffray
& Co., Attention: Prospectus Department, 800 Nicollet Mall,
J12S03, Minneapolis, MN 55402, via telephone at (800) 747-3924 or
via email at prospectus@pjc.com; or from Canaccord Genuity LLC,
Attention: Syndicate Department, 99 High Street, Suite 1200,
Boston, MA 02110, or by email at prospectus@cgf.com, or by phone at
(617) 371-3900.
This press release shall not constitute an offer
to sell nor the solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction. The offering may only be made by means
of a prospectus supplement and related base prospectus.
About ATEC
ATEC, through its wholly-owned subsidiaries,
Alphatec Spine, Inc. and SafeOp Surgical, Inc., is a provider of
innovative spine surgery solutions dedicated to revolutionizing the
approach to spine surgery. ATEC designs, develops and markets
spinal fusion technology products and solutions for the treatment
of spinal disorders associated with disease and degeneration,
congenital deformities and trauma. ATEC markets its products in the
U.S. via independent sales agents and a direct sales force.
Additional information can be found at www.atecspine.com.
Forward-Looking Statements
This press release contains "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995 that involve risks and uncertainty. Such
statements are based on management's current expectations and are
subject to a number of risks and uncertainties that could cause
actual results to differ materially from those described in the
forward-looking statements. ATEC cautions investors that there can
be no assurance that actual results or business conditions will not
differ materially from those projected or suggested in such
forward-looking statements as a result of various factors. The
words “believe,” “will,” “should,” “expect,” “intend,” “estimate,”
“look forward” and “anticipate,” variations of such words and
similar expressions identify forward-looking statements, but their
absence does not mean that a statement is not a forward-looking
statement. A further list and description of these and other
factors, risks and uncertainties can be found in ATEC’s most recent
annual report, any subsequent quarterly and current reports, and
certain other filings, filed with the Securities and Exchange
Commission. ATEC disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events, or otherwise, unless required by
law.
Company Contact:
Jeff Black
Chief Financial Officer
(760) 494-6715
ir@atecspine.com
Investor/Media Contact:
Tina Jacobsen
Investor Relations
(760) 494-6790
ir@atecspine.com
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