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Stock impact report

A Look At Axogen (AXGN) Valuation After Its Upsized US$124 Million Equity Offering [Yahoo! Finance]

Axogen, Inc. (AXGN) 
Last axogen, inc. earnings: 2/24 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.axogeninc.com
Company Research Source: Yahoo! Finance
Axogen (AXGN) has just completed an upsized public equity offering, increasing the deal from US$85 million to US$124 million, with the funds earmarked for debt repayment, working capital, and general corporate uses. For you as a shareholder or prospective investor, this kind of capital raise touches two key areas at once: Axogen's balance sheet and your ownership stake. The use of proceeds toward early payoff of the Oberland Capital term loan facility can reduce interest expense and simplify the company's capital structure, while issuing new common stock increases the share count and can dilute existing holdings. The company priced 4,000,000 shares of common stock at US$31 per share, with underwriters receiving an option to buy an additional 600,000 shares. That pricing came at a discount of US$1.86 per share to the reference level provided, a common feature in follow on offerings intended to clear a meaningful block of stock in a single transaction. See our latest analysis for Show less Read more
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