July 2019
Alphatec Holdings, Inc.
Canaccord Genuity acts as Joint Bookrunning Manager for US$57.7 million public offering of common stock by Alphatec Holdings, Inc.
Canaccord Genuity is pleased to announce that on August 2, 2019, it completed a public offering of common stock for Alphatec Holdings, Inc. (NASDAQ: ATEC) (the “Company”). The Company issued a total of 12,535,000 shares of its common stock at a price to the public of $4.60 per share, which includes the full exercise of the underwriters’ overallotment option. The gross proceeds to the Company, before deducting the underwriting discounts and commissions and estimated offering expenses, were approximately $57.7 million. The Company intends to use the net proceeds from the offering for general corporate purposes, including working capital, capital expenditures and continued research and development with respect to products and technologies. A portion of the net proceeds from the offering may also be used to fund possible investments in or acquisitions of complementary businesses, products or technologies.
Canaccord Genuity acted as Joint Bookrunning Manager for the offering.
Alphatec Holdings, Inc. designs, develops and markets innovative spinal fusion technology products and solutions for the treatment of spinal disorders associated with disease and degeneration, congenital deformities and trauma. The Company is committed to the development and commercialization of novel technologies intended to simplify surgical procedures, provide enhanced information for surgeons and improve patient outcomes.
Canaccord Genuity is focused on the corporate finance needs associated with growth companies in the United States, Canada, Europe and Asia. We are structured to provide our clients with a full range of global investment banking services, including corporate finance, research, sales and trading. Our thematic research focusing on companies around the world provides our firm with unique access to growth investors. In the last twelve months, the firm executed 168 public financings that raised approximately $29.5 billion and advised on 64 M&A assignments. We would welcome the chance to work with you in the future.
The Canaccord Genuity team included Matt Steere, Jeff Barlow, Jennifer Pardi, Brian O’Connor, Tara Hartigan, Mike Wright, Or Barak, Tyler Munson, Oliver Park and Brooke Szczygiel.