MAKO Surgical (MAKO) Prices 3.04M Offering at $13.15/Share
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MAKO Surgical Corp. (Nasdaq: MAKO) announced the pricing of its previously announced underwritten public offering. Pursuant to the offering, MAKO has sold 3,042,000 shares of its common stock at a public offering price of $13.15 per share. In connection with the offering, MAKO has also granted the underwriter a 30-day option to purchase up to an additional 456,300 shares of common stock to cover over-allotments, if any. Piper Jaffray & Co. acted as the sole manager for the offering. Moelis & Company acted as financial advisor to MAKO.
Net proceeds from the sale of the shares after underwriting discounts and commissions and other offering expenses are expected to be approximately $37 million. If the underwriter exercises its over-allotment option in full, net proceeds from the offering will be approximately $43 million. The offering is subject to customary closing conditions and is expected to close on November 19, 2012.
Net proceeds from the sale of the shares after underwriting discounts and commissions and other offering expenses are expected to be approximately $37 million. If the underwriter exercises its over-allotment option in full, net proceeds from the offering will be approximately $43 million. The offering is subject to customary closing conditions and is expected to close on November 19, 2012.
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