TransEnterix preps for $75m offering

TransEnterix (NYSE:TRXC) is planning for an upcoming $75 million offering, according to a recently posted SEC filing.

The Research Triangle Park, N.C.-based company said that Stifel, Nicolaus & Company will serve as its sale agent in the offering, but the company has not yet announced how many shares it plans to float in the sale.

The round will be an “at the market” offering through Stifel, Nicolaus & Co., and TransEnterix said it may reimburse the agent up to a maximum of $50,000.

TransEnterix added that excluding commissions and reimbursements, it expects that expenses for the offering will be approximately $125,000, according to the SEC filing.

Last month, TransEnterix posted third quarter earnings that beat expectations on Wall Street.

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