AirSculpt Technologies, Inc. Announces Pricing of Initial Public Offering
October 29 2021 - 12:12AM
AirSculpt Technologies, Inc. (“AirSculpt”), an industry leader and
national provider of body contouring procedures delivering a
premium consumer experience under its brand, Elite Body Sculpture,
today announced the pricing of its initial public offering of
7,000,000 shares of its common stock at a price to the public of
$11.00 per share (comprising 2,173,913 shares of common stock to be
issued by the Company and 4,826,087 shares of common stock to be
sold by certain selling stockholders). In addition, the
underwriters have been granted a 30-day option to purchase up to an
additional 1,050,000 shares of common stock from certain selling
stockholders at the initial public offering price, less
underwriting discounts and commissions.
The common stock is expected to begin trading on
The Nasdaq Stock Market (“NASDAQ”) under the symbol “AIRS” on
October 29, 2021, and the offering is expected to close on November
2, 2021, subject to customary closing conditions.
Morgan Stanley, Piper Sandler & Co. and SVB
Leerink LLC are acting as lead book-running managers for the
proposed offering. Raymond James is acting as co-manager.
A registration statement relating to these
securities was declared effective by the Securities and Exchange
Commission (“SEC”) on October 28, 2021. The offering is being made
only by means of a prospectus. When available, copies of the final
prospectus related to the offering may be obtained from the SEC at
www.sec.gov, and from: Morgan Stanley & Co. LLC, 180 Varick
Street, 2nd Floor, New York, NY 10014. Attention: Prospectus
Department; Piper Sandler & Co., 800 Nicollet Mall, J12S03,
Minneapolis, MN 55402. Attention: Prospectus Department; SVB
Leerink LLC, 53 State Street, 40th Floor, Boston, MA 02109.
Attention: Syndicate Department.
This press release shall not constitute an offer
to sell or 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.
About AirSculpt Technologies,
Inc.
AirSculpt Technologies is an experienced,
fast-growing national provider of body contouring procedures
delivering a premium consumer experience under its brand, Elite
Body Sculpture. At Elite Body Sculpture, we provide custom body
contouring using our proprietary AirSculpt® method that removes
unwanted fat in a minimally invasive procedure, producing dramatic
results. It is our mission to generate the best results for our
patients.
For Investor Relations
Contact:Dennis Deaninvestors@elitebodysculpture.com
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