On July 30, 2019, Alphatec Holdings, Inc. (the Company) issued a press release announcing that it has commenced an underwritten public
offering of its common stock with Piper Jaffray & Co. and Canaccord Genuity LLC acting as joint book-running managers in the offering, and Lake Street Capital Markets acting as
co-manager
in the
offering. In connection with the offering, the Company intends to grant the underwriters a
30-day
option to purchase up to an additional 15% of the shares of common stock sold in the offering. All of the
shares in the offering are to be sold by the Company. There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
The Company intends to use the net proceeds of the offering for general corporate purposes, including working capital, capital expenditures, and continued
research and development with respect to products and technologies. A portion of the net proceeds of the offering may be used to fund possible investments in or acquisitions of complementary businesses, products, or technologies. The Company
currently does not have any agreements or commitments to complete any such transaction.
The shares of common stock are being offered pursuant to a shelf
registration statement on Form
S-3
(File
No. 333-221085)
declared effective by the Securities and Exchange Commission (SEC) on December 13, 2018.
The offering will be made only by means of a written prospectus and prospectus supplement. A preliminary prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC and will be available on the SECs
website at www.sec.gov. When available, copies of the preliminary prospectus supplement and accompanying prospectus may also be obtained from Piper Jaffray & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN
55402, via telephone at (800)
747-3924
or via email at prospectus@pjc.com; or from Canaccord Genuity LLC, Attention: Syndicate Department, 99 High Street, Suite 1200, Boston, MA 02110, or by email at
prospectus@cgf.com, or by phone at (617)
371-3900.
A copy of the press release issued in connection with the
announcement is filed as Exhibit 99.1 to this Current Report on Form
8-K.
Neither this Current Report on Form
8-K
nor the press release shall constitute an offer to sell nor the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering may only be made by means of a prospectus supplement and related base prospectus.
This Current Report on Form
8-K
and the related press release contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainty. Such statements are based on managements current expectations and are subject to a number of risks and uncertainties that could cause
actual results to differ materially from those described in the forward-looking statements. The Company cautions investors that there can be no assurance that actual results or business conditions will not differ materially from those projected or
suggested in such forward-looking statements as a result of various factors. The words believe, will, should, expect, intend, estimate, look forward and
anticipate, variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. A further list and description of these and other
factors, risks and uncertainties can be found in the Companys most recent annual report, any subsequent quarterly and current reports, and certain other filings, filed with the SEC. The Company disclaims any intention or obligation to update
or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, unless required by law.