Restoration Robotics™ Announces Pricing of Public Offering of Common Stock
August 09 2018 - 9:53PM
Restoration Robotics™, Inc. (NASDAQ: HAIR) today announced the
pricing of its public offering of 10,000,000 shares of common stock
at a public offering price of $1.50 per share, before the
underwriting discount. All of the shares of common stock are
being offered by the Company. The Company has also granted the
underwriters a 30-day option to purchase up to 1,500,000 additional
shares of common stock at the public offering price, less the
underwriting discount, to cover over-allotments, if any. The
offering is expected to close on August 14, 2018, subject to
customary closing conditions.
Restoration Robotics currently expects to use the
net proceeds from this offering, along with existing cash and cash
equivalents, to fund expanded commercialization activities and the
launch of the ARTAS iX System and for working capital and general
corporate purposes.
William Blair & Company, L.L.C. is acting as sole
book-running manager for the offering. National Securities
Corporation, a wholly owned subsidiary of National Holdings, Inc.
(NASDAQ: NHLD), and Roth Capital Partners are acting as co-managers
for the offering. Craig-Hallum Capital Group LLC is acting as
independent financial advisor for the offering.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission on
August 9, 2018. The offering is being made only by means of a
written prospectus forming part of the effective registration
statement. A copy of the final prospectus, when available, may be
obtained for free by visiting EDGAR on the Securities and Exchange
Commission’s website at www.sec.gov. Alternatively, copies of the
preliminary prospectus and the final prospectus, when available,
may be obtained for free by contacting William Blair & Company,
L.L.C. at 150 North Riverside Plaza, Chicago, Illinois 60606,
Attention: Prospectus Department, by telephone at (800) 621-0687,
or by email at prospectus@williamblair.com.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy any of these securities, nor shall
there be any sale of these securities in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the applicable
securities laws of such state or jurisdiction.
About Restoration RoboticsRestoration Robotics,
Inc., is a medical device company developing and commercializing
the ARTAS Robotic Hair Restoration System. We believe the ARTAS
System is the first and only physician-assisted system to dissect,
and assist in the harvesting of, follicular units directly from the
scalp, creating recipient implant sites using proprietary
algorithms and implanting the harvested follicles. The Company has
unique expertise in machine vision, image guidance, visual servoing
and robotics, as well as developing intuitive interfaces to manage
these technologies.
ContactThe Ruth Group Brian Johnston
ir@restorationrobotics.com 646-536-7000
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