other material
confidence high
sentiment neutral
materiality 0.70
TELA Bio prices $37.3M public offering of 12M shares and pre-funded warrants at $2.25/share
TELA Bio, Inc.
- Offering consists of 12M shares at $2.25/share and 5.8M pre-funded warrants at $2.2499 each, exercisable at $0.0001.
- Net proceeds expected ~$37.3M after underwriting discounts and expenses; use for general corporate purposes including sales, marketing, R&D.
- Underwriters have a 30-day option to purchase up to an additional 2.67M shares.
- Pre-funded warrants are immediately exercisable; exercise price $0.0001; beneficial ownership cap of 9.99% or 4.99% at holder's election.