secwatch.observer — SEC 8-K summary
======================================

Issuer:     Alphatec Holdings, Inc. (ATEC)
CIK:        0001350653
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0001193125-23-261657
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ATEC launches $150M stock offering; preliminary Q3 shows improved adjusted EBITDA
--------------------------------------------------------------------------------

- Proposed underwritten public offering of $150M common stock; underwriters have 30-day option to buy additional $22.5M.
- Preliminary Q3 2023 net loss expected $42.4-43.2M, up ~$6M from $36.8M in Q3 2022.
- Preliminary Q3 non-GAAP Adjusted EBITDA positive $1.5-2.3M, vs loss of $6.2M in Q3 2022.
- Cash balance ~$123M at Sep 30, including $50M Braidwell term loan drawdown and $10M ATM proceeds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1350653/000119312523261657/0001193125-23-261657-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1350653/000119312523261657/d399882d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-261657

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer