Alphatec Announces $18.9 Million Private Placement

By Julie A. Vetalice

Alphatec entered into a definitive securities purchase agreement to raise ~US $18.9MM in a private placement of common stock, Series A Convertible Preferred Stock and warrants exercisable for common stock, expected to close by March 28.

Net proceeds will support general corporate/working capital purposes, e.g. surgeon user expansion and launch of products such as Arsenal Deformity™, Battalion™ Lateral and XYcor® Expandable Interbody systems, etc.

Source: Alphatec Spine, Inc.

Product Labels: Spinal Fusion

Tags: Funding