Cowen is the bookrunner; proceeds are expected to finance operations
By Devika Patel
Knoxville, Tenn., Aug. 9 – Ekso Bionics Holdings, Inc. said it priced a $15 million public offering of stock with a $2.25 million greenshoe. The offering was announced Monday.
The company will sell 3.75 million common shares at $4.00 per share. The price per share is a 35.69% discount to the Aug. 8 closing share price of $6.22.
Cowen and Co. is the bookrunner, and SunTrust Robinson Humphrey is the lead manager.
Settlement is expected Aug. 12.
Proceeds will be used for operations.
The Richmond, Calif., company develops and manufactures human bionic exoskeletons.
| Issuer: | Ekso Bionics Holdings, Inc.
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| Issue: | Common stock
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| Amount: | $15 million
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| Greenshoe: | $2.25 million, or 562,500 shares
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| Shares: | 3.75 million
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| Price: | $4.00
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| Warrants: | No
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| Bookrunner: | Cowen and Co.
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| Lead manager: | SunTrust Robinson Humphrey
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| Co-manager: | B. Riley & Co.
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| Announcement date: | Aug. 8
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| Pricing date: | Aug. 9
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| Settlement date: | Aug. 12
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| Stock symbol: | Nasdaq: EKSO
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| Stock price: | $6.22 at close Aug. 8
|
| Market capitalization: | $102.21 million
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