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Spectranetics Corp Announces Closing Of Public Offering Of Common Stock And Full Exercise Of Underwriters' Over-allotment Option


Wednesday, 1 May 2013 04:07pm EDT 

Spectranetics Corp announced the closing of the previously announced public offering of 5,462,500 shares of common stock (which includes 712,500 shares resulting from the underwriters' exercise of their option to purchase additional shares) at a price to the public of $18.00 per share. Spectranetics received net proceeds from this offering of approximately $91.8 million, after deducting underwriters' discounts and commissions and estimated expenses. 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. .P. Morgan Securities LLC and Piper Jaffray & Co. served as joint book-running managers for this offering. Canaccord Genuity Inc. and Stifel, Nicolaus & Company, Incorporated served as co-managers of the offering. 

Company Quote

24.98
-0.14 -0.56%
22 Jul 2014