Restoration Robotics, Inc™ Announces Full Exercise and Closing of Underwriters’ Over-allotment Option
August 16 2018 - 4:05PM
Restoration Robotics™, Inc. (NASDAQ: HAIR), the global leader in
robotic hair restoration, today announced that the underwriters of
Restoration Robotics’ previously announced public offering that
closed on August 14, 2018, have purchased an additional 1,500,000
shares of Restoration Robotics’ common stock at a public offering
price of $1.50 per share, before underwriting discounts and
commissions, in connection with the exercise in full of their
over-allotment option. In this offering, Restoration Robotics has
issued and sold an aggregate of 11,500,000 shares of its common
stock, with total gross proceeds of approximately $17.25 million
before deducting underwriting discounts and commissions and
estimated offering expenses.
William Blair & Company, L.L.C. acted as the
sole book-running manager for the offering. National Securities
Corporation, a wholly owned subsidiary of National Holdings, Inc.
(NASDAQ: NHLD), and Roth Capital Partners acted as co-managers for
the offering. Craig-Hallum Capital Group LLC acted 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 was made only by means
of a written prospectus forming part of the effective registration
statement. A copy of the final prospectus 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 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 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 of these securities under the
securities laws of any 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.
Contact:Investor Contact:Brian
Johnston, The Ruth Group Tel: +1
646-536-7028Email: bjohnston@theruthgroup.com
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