New Issue: AngioDynamics raises $57.8 million in follow-on of 2.4 million shares at $24.07 each

By Ronda Fears

Memphis, May 24 - AngioDynamics, Inc. raised $57.77 million from a follow-on offering of 2.4 million shares at $24.07 each, pat with Tuesday's close, via bookrunner RBC Capital Markets.

Queensbury, N.Y.-based AngioDynamics, maker of therapeutic and diagnostic medical devices to treat peripheral vascular disease and other non-coronary diseases, said proceeds would be used to support its growth strategy, including possible acquisitions, working capital and other general corporate purposes.

Issuer:	AngioDynamics, Inc.
Issue:	Follow-on stock offering
Gross proceeds:	$57.77 million
Net proceeds:	$54.31 million
Shares:	2.4 million
Greenshoe:	360,000
Price:	$24.07 per share
Bookrunner:	RBC Capital Markets
Co-managers:	Canaccord Adams, First Albany Capital, KeyBanc Capital Markets
Pricing date:	May 23
Settlement date:	May 30
Stock symbol:	Nasdaq: ANGO
Stock price:	$24.07 on May 23

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