ConforMIS to raise $20M with public offering: 5 key notes

ConforMIS priced an underwritten public offering of 13.3 million shares of common stock. Here are five things to know:

Advertisement

1. The company is pricing the stock at $1.50 per share before the underwriting discounts. The public offering is expected to raise $20 million in gross proceeds.

 

2. Underwriters have the ability to purchase up to 2 million additional shares of common stock over a 30-day period.

 

3. The acting joint book-running managers are Cowen and Canaccord; Suntrust Robinson Humphrey is the lead manager.

 

4. ConforMIS expects to close the offering around Jan. 29.

 

5. ConforMIS owns or exclusively in-licenses around 420 issued patents and pending patent applications related to its proprietary iFit Image-to-Implant technology and customized implants for joint replacement.

 

More articles on orthopedic devices:
41 spine devices receive FDA clearance in December 2017
Dr. Todd Lanman demonstrates new lumbar spine fusion implant
Implanet’s JAZZ sales increased 30% in 2017

Advertisement

Next Up in Spinal Tech

Advertisement

Comments are closed.