Cutera, Inc. Announces Proposed Public Offering of Common Stock
April 16 2020 - 4:04PM
Business Wire
Cutera, Inc. (NASDAQ: CUTR) (“Cutera”), a provider of laser and
other energy-based aesthetic systems for practitioners worldwide,
today announced that it has commenced an underwritten public
offering of its common stock. In connection with the offering,
Cutera intends to grant the underwriter 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
Cutera. 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.
Piper Sandler & Co. is acting as the sole book-running
manager in the offering.
Cutera intends to use the net proceeds from the offering to fund
growth initiatives, market development activities related thereto
and to provide for general corporate purposes, which may include
working capital, capital expenditures, clinical trials, other
corporate expenses and acquisitions of complementary products,
technologies or businesses. Cutera does not have agreements or
commitments for any specific acquisitions at this time.
The shares of common stock are being offered pursuant to a shelf
registration statement on Form S-3 (File No. 333-237552) previously
filed with and declared effective by the Securities and Exchange
Commission on April 14, 2020. 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 SEC’s website at www.sec.gov. When available,
copies of the preliminary prospectus supplement and accompanying
prospectus may also be obtained from Piper Sandler & Co.,
Attention: Prospectus Department, 800 Nicollet Mall, J12S03,
Minneapolis, MN 55402, via telephone at 877-337-4747 or via email
at prospectus@psc.com.
This press release shall not 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.
About Cutera, Inc.
Brisbane, California-based Cutera is a provider of energy-based
aesthetic systems for practitioners worldwide. Since 1998, Cutera
has been developing products that enable physicians and other
qualified practitioners to offer safe and effective aesthetic
treatments to their patients. For more information, call
1-888-4CUTERA or visit cutera.com.
Forward-Looking Statements
This press release contains "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
management's 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.
Cutera 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 Cutera’s most recent annual report,
any subsequent quarterly and current reports, and certain other
filings, filed with the Securities and Exchange Commission. Cutera
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20200416005912/en/
Cutera, Inc. Anne Werdan Director, Investor Relations
415-657-5500 awerdan@cutera.com
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