AtriCure (NSDQ:ATRC) yesterday priced an upcoming offering, looking to raise approximately $72 million.
The Mason, Ohio-based company said it will look to offer 2.5 million shares of its common stock at a price of $30.75 per share, bringing in a total of $72 million in net proceeds after discounts and expenses.
The offering comes with an additional 30-day underwriter’s option to purchase an additional 375,000 shares, AtriCure said.
Funds raised in the round will help support working capital and general corporate purposes, including debt repayment, possible strategic acquisitions and other potential corporate or market development activities, according to an SEC filing.
Earlier this week, AtriCure released preliminary earnings for the third quarter that beat consensus on Wall Street.
The post AtriCure prices $72m offering appeared first on MassDevice.
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