Endologix Announces Public Offering of Common Stock
ENDOLOGIX (ELGX)
Last endologix earnings: 2/19 04:01 pm
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US:NASDAQ Investor Relations:
investor.endologix.com
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Source: Business Wire
IRVINE, Calif.--(BUSINESS WIRE)-- Endologix, Inc. (Nasdaq:ELGX) (“Endologix” or the “Company”), developer and marketer of innovative treatments for aortic disorders, announced today that it has commenced a registered underwritten public offering of $20.0 million of its shares of common stock. In addition, Endologix has granted the underwriter a 30-day option to purchase up to an additional $3.0 million of its shares of common stock. All of the shares in the offering are to be sold by Endologix. BTIG, LLC is acting as sole book-running manager for the offering. Endologix intends to use the net proceeds from this offering to redeem all of its $18.3 million 2.25% Convertible Senior Notes due 2018 and to pay related fees, costs, expenses and other related payments, and the remaining proceeds, if any, for working capital and general corporate purposes. A shelf registration statement on Form S-
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