Alphatec prices $60M public offering of 4.3M shares at $14.00/share

Alphatec Holdings, Inc.

Gross proceeds ~$60M from 4,285,715 shares priced at $14.00 per share.
Offering expected to close April 21, 2023; sole book-runner TD Cowen.
Proceeds for general corporate purposes including REMI robotic acquisition integration and R&D.
Directors and officers subject to 90-day lock-up on share sales.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Alphatec Holdings, Inc. entered into Underwriting Agreement with Cowen and Company, LLC valued at approximately $60 million (effective 2023-04-19).

Action: entry
Agreement: underwriting
Counterparty: Cowen and Company, LLC
Value: approximately $60 million
Effective: 2023-04-19

Exact text from the filing

On April 19, 2023, Alphatec Holdings, Inc. (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with Cowen and Company, LLC (the “Underwriter”), relating to an underwritten registered offering (the “Offering”) of 4,285,715 shares of the Company’s common stock, $0.0001 par value per share (the “Common Stock”), at a price of $14.00 per share.

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Alphatec Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-108488

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