Endologix Announces Equity Financing of $52 Million and Debt Restructuring Addressing 2020 Maturities and Financial Covenants
ENDOLOGIX (ELGX)
Last endologix earnings: 2/19 04:01 pm
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US:NASDAQ Investor Relations:
investor.endologix.com
Company Research
Source: Business Wire
The Company reports preliminary revenue for the first quarter ending March 31, 2019 of at least $35 million The Company reiterates financial guidance for 2019 Transactions expected to close on or about April 3rd Endologix management to host conference call today at 8:30 a.m. ET IRVINE, Calif.--(BUSINESS WIRE)-- Endologix, Inc. (Nasdaq: ELGX) (the “Company”), a developer and marketer of innovative treatments for aortic disorders, today announced that it has entered into a definitive agreement to raise approximately $52 million gross cash proceeds through the issuance of approximately 7.9 million new shares of the Company’s common stock at a purchase price of $6.61 per share. The Company’s net proceeds, after payment of estimated financial advisor fees but before other transaction expenses, is expected to be approximately $49 million. The primary
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