New York, May 4 - Spectranetics Corp. priced a $45 million follow-on offering of common stock at $12.50 per share, discounted from Wednesday's close of $12.87.
The Colorado Springs, Colo.-based maker of single-use medical devices sold 3.6 million shares. A further 540,000 shares are available for the over-allotment option.
Jefferies & Co., Inc. was bookrunner. First Albany Capital Inc. was co-lead manager and Montgomery & Co., LLC and Rodman & Renshaw, LLC were co-managers.
Proceeds from the sale will be used for capital expenditures, working capital and other general corporate purposes and business development activities.
| Issuer: | Spectranetics Corp.
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| Issue: | Follow-on offering of common stock
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| Amount: | $45 million
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| Shares: | 3.6 million
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| Greenshoe: | 540,000 shares
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| Price: | $12.50
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| Pricing date: | May 4, before open
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| Settlement date: | May 9
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| Bookrunner: | Jefferies & Co.
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| Distribution: | Off shelf
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| Stock symbol: | Nasdaq: SPNC
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| Stock price: | $12.87 at close May 3
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