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Spectranetics Corp Prices Public Offering Of Common Stock


Thursday, 25 Apr 2013 07:00pm EDT 

Spectranetics Corp announced the pricing of a previously announced underwritten registered public offering of 4,750,000 shares of common stock at a public offering price of $18.00 per share. All of the shares are being sold by Spectranetics. The offering is expected to close on May 1, 2013. Spectranetics has granted the underwriters a 30-day option to purchase up to an additional 712,500 shares of common stock to cover over-allotments, if any. Spectranetics expects to use the net proceeds for general corporate purposes, including working capital. It may use all or a portion of the net proceeds to acquire or invest in complementary businesses, technologies or assets. It currently has no present understandings, commitments, or agreements to enter into any acquisitions or make any investments. J.P. Morgan Securities LLC and Piper Jaffray & Co. are serving as joint book-running managers for this offering. Canaccord Genuity Inc. and Stifel, Nicolaus & Company, Incorporated are serving as co-managers of the offering. 

Company Quote

27.98
-0.03 -0.11%
16 Sep 2014