SeaSpine Holdings (NSDQ:SPNE) said late last week that inked a controlled equity offering sales agreement with Cantor Fitzgerald & Co., who will look to offer up to $50 million in the company’s shares.
The stocks will be offered through an “at the market offering” program with Cantor Fitzgerald acting as the sales agent, according to an SEC filing.
As part of the deal, Carlsbad, Calif.-based SeaSpine will pay Cantor Fitzgerald a commission of up to 3% of the aggregate gross proceeds from each sale as part of the deal, according to an SEC filing.
Last week, SeaSpine saw shares drop slightly after the medical device maker posted fourth quarter earnings there missed earnings-per-share expectations on Wall Street.
The post SeaSpine taps Cantor Fitzgerald for $50m offering appeared first on MassDevice.
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