Spectranetics greenshoe exercised, raising follow-on offering to $51.75 million

New York, May 9 - Spectranetics Corp. said the underwriters of its recent follow-on offering of common stock exercised the 540,000 share greenshoe in full, raising the size of the deal to 4.14 million shares, or $51.75 million.

The Colorado Springs, Colo.-based maker of single-use medical devices originally priced 3.6 million shares at $12.50 each after the close on May 3.

Jefferies & Co., Inc. was bookrunner. First Albany Capital Inc. was co-lead manager and Montgomery & Co., LLC and Rodman & Renshaw, LLC were co-managers.

Proceeds from the sale will be used for capital expenditures, working capital and other general corporate purposes and business development activities.

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