Surgalign Holdings, formerly RTI Surgical, closes OEM sale, name change [Seeking Alpha]
RTI SURGICAL (RTIX)
Last rti surgical earnings: 11/1 07:00 am
Check Earnings Report
US:NASDAQ Investor Relations:
rtix.com/en_us/investors
Company Research
Source: Seeking Alpha
Healthcare|On the MoveSurgalign Holdings, formerly RTI Surgical, closes OEM sale, name changeJul. 20, 2020 5:09 PM ETRTI Surgical Holdings, Inc. (RTIX)Khyathi DalalEffective today, Surgalign Technologies, formerly RTI Surgical Holdings(NASDAQ:+3.8%closed its OEM business saleThe sale after-tax proceeds will be used to repay the $80M revolving line of credit with JP Morgan Chase Bank and both the $100M term loan and $30M incremental term loan commitment with Ares Capital.It will also redeem O/S shares of series A convertible preferred stock for total cash consideration of ~$67M.Post the transactions, Surgalign's cash balance is ~$190M which will be reduced further by $137M by September 30, 2020, post series A convertible preferred redemption and tax pays on the OEM sale gains.Board appointed Jonathon M. Singer as its new COO with immediate effect; will continue to serve as CFO.Stuart F. Simpson is appointed as the board's new chair.Previously:RTI Surgical shareholders back sale of OEM
Show less
Read more
Impact Snapshot
Event Time:
RTIX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RTIX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RTIX alerts
High impacting RTI SURGICAL news events
Weekly update
A roundup of the hottest topics