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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sat., Oct. 24, 9:56 AM

Slide #12. Alphatec Holdings, Inc. Secondary Offering

Company: Alphatec Holdings, Inc. (NASDAQ:ATEC)
Date announced: 10/13/2020
Shares Offered: 11,428,570
Date of Pricing: 10/13/2020
Price Per Share: $8.75
Secondary Offering Details: Alphatec Holdings, Inc. ("ATEC") (NASDAQ: ATEC), a provider of innovative spine surgery solutions dedicated to revolutionizing the approach to spine surgery, today announced that it has commenced an underwritten public offering of $85 million of shares of its common stock. In connection with the offering, ATEC intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the number of shares of common stock sold in the offering. All of the shares in the offering are to be sold by ATEC. There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. -updated 10/13- Alphatec Holdings, Inc. ("ATEC") (NASDAQ: ATEC), a provider of innovative spine surgery solutions dedicated to revolutionizing the approach to spine surgery, today announced the pricing of an underwritten public offering of 11,428,570 shares of its common stock at a public offering price of $8.75 per share. The gross proceeds to ATEC from the offering, before underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $100 million. In connection with the offering, ATEC has granted the underwriters a 30-day option to purchase up to an additional 1,714,285 shares of common stock at the public offering price, less underwriting discounts and commissions. All of the shares in the offering are to be sold by ATEC. The offering is expected to close on October 16, 2020, subject to the satisfaction of customary closing conditions.

Alphatec Holdings is a holding company. Through its wholly owned subsidiaries, Alphatec Spine, Inc. and SafeOp Surgical, Inc., Co. is a medical technology company that designs, develops, and markets technology for for the treatment of spinal disorders associated with disease and degeneration, congenital deformities, and trauma. Co.'s principal procedural offerings include a variety of Spine Approach Technologies™. Co.'s Spine Approach Technologies are comprised of intra-operative information and neuromonitoring technologies, access systems, interbody implants, fixation systems, and various biologics offerings.

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Company Name:  Alphatec Holdings Inc
Website:  www.alphatecspine.com
Sector:  Medical Instruments & Supplies
Number of ETFs Holding ATEC:  15
Total Market Value Held by ETFs:  $29.90M
Total Market Capitalization:  $627.00M
% of Market Cap. Held by ETFs:  4.77%
 

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October 24, 2020    9:56 AM Eastern
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Strong Buy (4.00 out of 4)
98th percentile
(ranked higher than approx. 98% of all stocks covered)

Analysts' Target Price:
ATEC Stock Forecast

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