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Product / Company Performance

Alphatec Closes Public Stock Offering -

Alphatec closed its underwritten public offering of ~12.5MM shares of its common stock for $4.60/share, receiving gross proceeds of ~US $57.6MM. Net proceeds will support general corporate purposes such as working capital, capital expenditures and continued research and development of products and technologies. A portion of the net proceeds may fund possible investments in or acquisitions of complementary businesses, products or technologies, though the company does not currently have any agreements or commitments to do so. (Alphatec, 8/5/19)