Market Overview

Restoration Robotics™ Announces Proposed Public Offering of Common Stock


SAN JOSE, Calif., Aug. 06, 2018 (GLOBE NEWSWIRE) -- Restoration Robotics™, Inc. (NASDAQ:HAIR) today announced that it has commenced an underwritten public offering of up to $25,000,000 of shares of its common stock. All of the shares to be sold in the offering will be offered by Restoration Robotics. In addition, Restoration Robotics expects to grant the underwriters of the offering a 30-day option to purchase up to an additional $3,750,000 of shares of common stock at the public offering price, less underwriting discounts and commissions. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Invest in IPO shares before the stock hits the market with ClickIPO. Check it out here

Restoration Robotics currently expects to use the net proceeds from this offering, along with existing cash and cash equivalents, to fund expanded commercialization activities and the launch of the ARTAS iX System, to fund other planned research and product development activities and for working capital and general corporate purposes.

William Blair & Company, L.L.C. is acting as sole book-running manager for the offering. National Securities Corporation, a wholly owned subsidiary of National Holdings, Inc. (NASDAQ:NHLD), and Roth Capital Partners are acting as co-managers for the offering.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the applicable securities laws of such state or jurisdiction.

The proposed offering will be made only by means of a prospectus, copies of which may be obtained for free, when available, by contacting William Blair & Company, L.L.C. at 150 North Riverside Plaza, Chicago, Illinois 60606, Attention: Prospectus Department, by telephone at (800) 621-0687, or by email at

About Restoration Robotics
Restoration Robotics, Inc., is a medical device company developing and commercializing the ARTAS Robotic Hair Restoration System. We believe the ARTAS System is the first and only physician-assisted system to dissect, and assist in the harvesting of, follicular units directly from the scalp, creating recipient implant sites using proprietary algorithms and implanting the harvested follicles. The Company has unique expertise in machine vision, image guidance, visual servoing and robotics, as well as developing intuitive interfaces to manage these technologies.

The Ruth Group
Brian Johnston

Primary Logo

View Comments and Join the Discussion!