Spectranetics Prices 4.75M Share Offering of Common Stock at $18.00/Share

Loading...
Loading...
The Spectranetics Corporation
SPNC
, announced Thursday the pricing of a previously announced underwritten registered public offering of 4,750,000 shares of its common stock at a public offering price of $18.00 per share. All of the shares are being sold by Spectranetics. The offering is expected to close on May 1, 2013, subject to customary closing conditions. Spectranetics has granted the underwriters a 30-day option to purchase up to an additional 712,500 shares of common stock to cover over-allotments, if any. Spectranetics expects to use the net proceeds for general corporate purposes, including working capital. It may use all or a portion of the net proceeds to acquire or invest in complementary businesses, technologies or assets. It currently has no present understandings, commitments, or agreements to enter into any acquisitions or make any investments. J.P. Morgan Securities LLC and Piper Jaffray & Co. are serving as joint book-running managers for this offering. Canaccord Genuity Inc. and Stifel, Nicolaus & Company, Incorporated are serving as co-managers of the offering. A shelf registration statement relating to the sale of these securities has been filed with the Securities and Exchange Commission and has become effective. This
See full press release
Posted In: NewsGuidanceContractsManagementGlobal
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...