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Alphatec Holdings Announces $18.9 Million Private Placement

ALPHATEC HOLDINGS (ATEC)  More Company Research Source: GlobeNewswire
US:NASDAQ Investor Relations: investors.alphatecspine.com/investor-relations
PDF CARLSBAD, Calif., March 23, 2017 (GLOBE NEWSWIRE) -- Alphatec Holdings, Inc. (Nasdaq:ATEC), the parent company of Alphatec Spine, Inc., a provider of spinal fusion technologies, announced today that it has entered into a definitive securities purchase agreement to raise approximately $18.9 million in a private placement of common stock, Series A Convertible Preferred Stock and warrants exercisable for common stock. The private placement is being led by new healthcare dedicated institutional investors, with participation by directors and executive officers of Alphatec and other existing investors. The private placement is expected to close on or about March 28, 2017, subject to the satisfaction of customary closing conditions. Alphatec expects to use the net proceeds from the private placement for general corporate and working capital purposes. “We appreciate the support of our new and existing investors and the confidence this conveys in our strategy to build a high-growth spine co [Read more]

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