Senseonics Announces Pricing of Public Offering of Common Stock
June 26 2018 - 7:13AM
Business Wire
Senseonics Holdings, Inc. (NYSE American: SENS) a medical
technology company focused on the development and commercialization
of Eversense®, a long-term, implantable continuous glucose
monitoring (CGM) system for people with diabetes, today announced
the pricing of a registered underwritten public offering of its
common stock for proceeds of $130.0 million, before deducting
estimated offering expenses payable by Senseonics. All of the
shares sold in the offering were sold by Senseonics. The offering
is expected to close on June 28, 2018, subject to customary closing
conditions. In addition, Senseonics has granted the underwriter a
30-day option to purchase up to an additional $19.5 million of
shares of its common stock.
BTIG, LLC is acting as sole book-running manager for the
offering.
A shelf registration statement on Form S-3 relating to the
public offering of the shares of common stock described above was
declared effective by the Securities and Exchange Commission (SEC)
on April 19, 2018. Before you invest, you should read the
prospectus in the registration statement and related prospectus
supplement that Senseonics will file with the SEC for more complete
information about Senseonics and this offering. An electronic copy
of the prospectus supplement and accompanying prospectus relating
to the offering will be available on the website of the SEC at
www.sec.gov. Copies of the prospectus supplement, when available,
and the accompanying prospectus relating to the offering may be
obtained by contacting BTIG, LLC, at 825 Third Avenue, 6th Floor,
New York, NY, 10022, or by telephone at (212) 593-7555 or by e-mail
at equitycapitalmarkets@btig.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or other jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to the registration or qualification under the securities laws of
any such state or other jurisdiction.
About Senseonics
Senseonics Holdings, Inc. is a medical technology company
focused on the design, development and commercialization of glucose
monitoring products designed to help people with diabetes
confidently live their lives with ease. Senseonics’ Eversense
System is a long-term, implantable device, which includes a small
sensor, smart transmitter and mobile application. Based on
fluorescence sensing technology, the sensor is designed to be
inserted subcutaneously and communicate with the smart transmitter
to wirelessly transmit glucose levels to a mobile device. After
insertion, the sensor is designed to continually and accurately
measure glucose levels. The Eversense System is approved in the
United States and indicated for 90 days of continuous use and the
Eversense XL System is approved in EMEA and indicated for up to 180
days of continuous use.
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version on businesswire.com: https://www.businesswire.com/news/home/20180626005828/en/
INVESTOR:Senseonics Holdings, Inc.R. Don Elsey,
301-556-1602Chief Financial Officerdon.elsey@senseonics.com
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