Cynosure, Inc. CYNO
today announced the closing
of its previously announced underwritten registered public offering of class A
common stock. The Company also announced that Leerink Swann LLC, the sole
underwriter for the offering, exercised in full its option to purchase an
additional 240,000 shares of class A common stock from the Company and an
additional 240,000 shares of class A common stock from El.En. S.p.A., as
selling stockholder, at the public offering price, less underwriting discounts
and commissions. As a result of this option exercise, the total number of
shares of class A common stock sold in the offering was 3,680,000 shares. The
Company received aggregate net proceeds, after deducting underwriting
discounts and commissions and other estimated offering expenses, of
approximately $55.35 million.
The Company intends to use the net proceeds from the shares sold in the
offering for general corporate purposes and to fund its potential acquisition
of complementary products, technologies or businesses. The Company did not
receive any proceeds from the sale of the shares by El.En. S.p.A.
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