Apollo Endosurgery closes $36m offering

Apollo Endosurgery said today it closed its recently announced public offering, raising $36 million.

In the offering, the Austin, Texas-based company floated 6.5 million shares of common stock, including 853,363 from a fully exercised underwriter’s option for additional shares, at $5.50 per share.

Craig-Hallum Capital Group and Roth Capital Partners acted as book-runners for the offering, the company said in a press release.

Apollo Endosurgery has not yet stated how it plans to spend funds raised during the offering.

Last December, Apollo Endosurgery said it closed a reverse merger with Lpath (NSDQ:LPTN) in which Apollo put another $29 million into the combined company.

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