Apollo Medical plans to sell common shares in a public offering

Aegis is bookrunner for general corporate purposes deal

By Toni Weeks

San Luis Obispo, Calif., March 9 – Apollo Medical Holdings Inc. plans to sell stock in a firm-commitment public offering via bookrunner Aegis Capital Corp., according to an S-1 filing with the Securities and Exchange Commission. The company registered $17.25 million of shares in the filing.

The deal will have a 45-day over-allotment option.

Proceeds will be used for working capital and general corporate purposes, which may include acquisitions or paying off and retiring debt.

The company has applied to list its common stock (currently OTCBB: AMEH) on the Nasdaq Capital Market under the symbol “AMEH.”

Apollo is a Glendale, Calif.-based integrated health-care delivery company.

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