SeaSpine offers public common stock; to use proceeds for working capital

Spinal Tech

SeaSpine initiated an underwritten public offering of shares of its common stock Jan. 7.

Three insights:

1. The company aims to use the net proceeds for working capital and other corporate purposes.

2. All shares in the offering are to be sold by SeaSpine.

3. SeaSpine plans to give the underwriters a 30-day option to buy up to an additional 15 percent of the shares of common stock offered in the public offering.

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