Alphatec Holdings prices $150M public offering of 14.3M shares at $10.50 each

Alphatec Holdings, Inc.

Gross proceeds of ~$150M from 14.3M shares at $10.50; underwriters have 30-day option for 2.145M more.
Offering expected to close Oct 27, 2023; joint book-runners: Morgan Stanley, TD Cowen, Barclays, Stifel.
Executives, directors and certain shareholders subject to 90-day lock-up on sales.
Pricing represents significant dilution; no stated use of proceeds beyond general corporate purposes.

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. amended First Amendment to Underwriting Agreement with Morgan Stanley & Co. LLC, Cowen and Company, LLC and Barclays Capital Inc., as representatives of the several underwriters (effective 2023-10-24).

Action: amendment
Agreement: underwriting
Counterparty: Morgan Stanley & Co. LLC, Cowen and Company, LLC and Barclays Capital Inc., as representatives of the several underwriters
Effective: 2023-10-24

Exact text from the filing

On October 24, 2023, Alphatec Holdings, Inc. (the “Company”) entered into an Underwriting Agreement, as amended by the First Amendment to Underwriting Agreement, dated October 26 2023 (the “Underwriting Agreement”), with Morgan Stanley & Co. LLC, Cowen and Company, LLC and Barclays Capital Inc., as representatives of the several underwriters named therein (collectively, the “Underwriters”), relating to the issuance and sale of 14,300,000 shares of common stock of the Company (the “Offering”) at a public offering price of $10.50 per share.

View on SEC.gov

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

Alphatec Holdings, Inc. entered into Underwriting Agreement with Morgan Stanley & Co. LLC, Cowen and Company, LLC and Barclays Capital Inc., as representatives of the several underwriters valued at $150 million (effective 2023-10-24).

Action: entry
Agreement: underwriting
Counterparty: Morgan Stanley & Co. LLC, Cowen and Company, LLC and Barclays Capital Inc., as representatives of the several underwriters
Value: $150 million
Effective: 2023-10-24

Exact text from the filing

On October 24, 2023, Alphatec Holdings, Inc. (the “Company”) entered into an Underwriting Agreement, as amended by the First Amendment to Underwriting Agreement, dated October 26 2023 (the “Underwriting Agreement”), with Morgan Stanley & Co. LLC, Cowen and Company, LLC and Barclays Capital Inc., as representatives of the several underwriters named therein (collectively, the “Underwriters”), relating to the issuance and sale of 14,300,000 shares of common stock of the Company (the “Offering”) at a public offering price of $10.50 per share.

View on SEC.gov

Browse all material agreements →

Alphatec Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-264201

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.