ATEC Announces $60 Million Underwritten Offering
19 Avril 2023 - 11:00PM
Business Wire
Alphatec Holdings, Inc. (Nasdaq: ATEC), a provider of innovative
solutions dedicated to revolutionizing the approach to spine
surgery, announced today the pricing of an underwritten registered
offering of 4,285,715 shares of common stock (the “Shares”) at an
offering price of $14.00 per share. The gross proceeds to the
Company, before deducting the underwriting discounts and
commissions and estimated offering expenses, are expected to be
approximately $60 million. The offering is expected to close on or
about April 21, 2023, subject to customary closing conditions.
TD Cowen is acting as sole book-runner for the offering.
A shelf registration statement on Form S-3 (File No. 333-271336)
relating to the offering of the securities described above was
filed with the Securities and Exchange Commission (“SEC”) and
become effective on April 19, 2023. The offering is being made only
by means of a prospectus, including a prospectus supplement,
forming a part of an effective registration statement. A final
prospectus supplement and accompanying prospectus relating to the
shares of common stock being offered will be filed with the SEC.
Copies of the final prospectus supplement and accompanying
prospectus relating to the offering may be obtained, when
available, on the SEC’s website at http://www.sec.gov or from Cowen
and Company, LLC, Attn: Cowen and Company, LLC, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717,
Attn: Prospectus Department, by telephone: (833) 297-2926 or by
email: PostSaleManualRequests@broadridge.com.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy these securities, 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.
About ATEC
ATEC, through its wholly owned subsidiaries, Alphatec Spine,
Inc., EOS imaging S.A. and SafeOp Surgical, Inc., is a medical
device company dedicated to revolutionizing the approach to spine
surgery through clinical distinction. ATEC’s Organic Innovation
Machine™ is focused on developing new approaches that integrate
seamlessly with the Company’s expanding AlphaInformatiX Platform to
better inform surgery and more safely and reproducibly achieve the
goals of spine surgery. ATEC’s vision is to be the Standard Bearer
in Spine.
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.
The Company cautions investors that there can be no assurance that
actual results will not differ materially from those projected or
suggested in such forward-looking statements as a result of various
factors. The words “may,” “might,” “will,” “could,” “would,”
“should,” “expect,” “plan,” “anticipate,” “intend,” “believe,”
“expect,” “estimate,” “seek,” “predict,” “future,” “project,”
“potential,” “continue,” “target” and similar words or expressions
are intended to identify forward-looking statements, although not
all forward-looking statements contain these identifying words.
Forward-looking statements include, but are not limited to, the
Company’s expectations regarding the completion of the offering.
Important factors that could cause actual results to differ
significantly from those expressed or implied by such
forward-looking statements include, but are not limited to: risks
and uncertainties related to market and other conditions and the
satisfaction of customary closing conditions related to the
offering. A further list and description of these and other
factors, risks and uncertainties can be found in the Company's most
recent annual report, and any subsequent quarterly and current
reports, filed with the Securities and Exchange Commission.
Forward-looking statements represent the Company’s views only as of
today and should not be relied upon as representing its views as of
any subsequent date. 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. No representations or warranties (expressed or
implied) are made about the accuracy of any such forward-looking
statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20230419006009/en/
Investor/ Media Contact: Tina Jacobsen, CFA Investor
Relations (760) 494-6790 investorrelations@atecspine.com
Company Contact: J. Todd Koning Chief Financial Officer
Alphatec Holdings, Inc. investorrelations@atecspine.com
Alphatec (NASDAQ:ATEC)
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