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TransEnterix plans to conduct $50 million public offering of stock
Stifel, RBC are bookrunners; Ladenberg Thalmann, Raymond James assist
By Devika Patel
Knoxville, Tenn., April 2 - TransEnterix, Inc. will conduct a $50 million public sale of common stock with a greenshoe, according to a preliminary prospectus supplement filed Wednesday with the Securities and Exchange Commission.
Stifel, Nicolaus & Co. Inc. and RBC Capital Markets LLC are the joint bookrunning managers; Ladenberg Thalmann & Co. and Raymond James Financial Inc. are the co-managers.
Proceeds will be used for research and development, sales, marketing and commercialization related to the SurgiBot System, for working capital and for other general corporate purposes.
The medical device company is based in Morrisville, N.C.
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