other material
confidence high
sentiment neutral
materiality 0.75
PROCEPT BioRobotics closes public offering of 5.1M shares, netting $161.3M
PROCEPT BioRobotics Corp
- Underwriting agreement with BofA Securities, Piper Sandler, Cowen for 4.42M shares at $33.92/share public price.
- Underwriters' option for up to 663k additional shares exercised in full; offering closed August 4, 2023.
- Total shares sold: 5,085,494; net proceeds to company of approximately $161.3 million after discounts and expenses.
- Directors and executive officers subject to 60-day lock-up from prospectus supplement date.
- Offering made under effective shelf registration statement on Form S-3 (Reg. No. 333-273569).