K2M makes proposed common stock offering of 4.5M shares — 6 key notes

Laura Dyrda -   Print  |

K2M announced a proposed common stock offering.

Here are five things to know:


1. The company will offer 750,000 shares and the selling stockholders named in the registration statement will sell 3.75 million shares.


2. The underwriter has a 30-day option to purchase up to 675,000 additional shares of common stock from the company and selling stockholders on a pro rata basis.


3. The primary portion proceeds will be used for working capital and general corporate purposes, including expanding the company's global distribution network and purchasing inventory to support the sales efforts.


4. The proceeds may also go toward acquiring or investing in complementary products, technologies or businesses.


5. The company won't receive any proceeds from shares of common stock sold by the selling stockholders.


6. Barclays is acting as the sole book-running manager and underwriter for the offering.


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