SeaSpine completes spin off, has $47M cash — 5 key notes

Spinal Tech

SeaSpine completed its spin-off from Integra LifeSciences last week.

Here are a few quick notes:


1. SeaSpine common stock distribution began on July 1, 2015.


2. Each Integra common stock holder received a distribution of one share of SeaSpine common stock for every three shares of Integra common stock held at 5pm on June 19, 2015.


3. The company now has regular trading on the NASDAQ global market.


4. The company has a strong balance sheet with $47 million of cash and no debt post-spin-off.


5. The company is expected to launch several new products in the coming year.


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