Bookrunners Jefferies, Piper Jaffray and co-manager Griffin assisted
By Devika Patel
Knoxville, Tenn., Feb. 4 – Unilife Corp. said it priced a $41.25 million public offering of stock with a $6.19 million greenshoe.
The company sold 12.65 million common shares at $3.75 apiece. The price per share is a 15.16% discount to the Jan. 29 closing share price of $4.42. Of the shares, 1.65 million were part of the fully exercised greenshoe.
Jefferies LLC and Piper Jaffray & Co. were the bookrunning managers.
Proceeds will be used for investments in Unilife's plant, equipment, systems and personnel to further develop its manufacturing and operational capabilities to satisfy current and future customer orders and general corporate purposes, including working capital, acquisitions and other business opportunities.
The medical device manufacturer is based in York, Pa.
| Issuer: | Unilife Corp.
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| Issue: | Common shares
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| Amount: | $47,437,500 (including $6,187,500 greenshoe)
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| Shares: | 12.65 million
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| Price: | $3.75
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| Warrants: | No
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| Bookrunners: | Jefferies LLC and Piper Jaffray & Co.
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| Co-manager: | Griffin Securities, Inc.
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| Pricing date: | Jan. 30
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| Settlement date: | Feb. 4
|
| Stock symbol: | Nasdaq: UNIS
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| Stock price: | $4.42 at close Jan. 29
|
| Market capitalization: | $475.95 million
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