OrthoPediatrics (KIDS) Prices 1.57M Share Common Offering at $36.50/Sh

OrthoPediatrics Corp. (NASDAQ: KIDS) announced today the pricing of its underwritten public offering of 1,570,000 shares of its common stock at a price to the public of $36.50 per share. 1,520,000 of the shares are being offered by OrthoPediatrics and 50,000 shares are being offered by certain selling stockholders. OrthoPediatrics will not receive any proceeds from the sale of the shares by the selling stockholders.

The offering is expected to close on or around December 13, 2019 subject to customary closing conditions. In addition, OrthoPediatrics has granted the underwriters a 30-day option to purchase up to an additional 235,500 shares of its common stock at the public offering price, less the underwriting discounts and commissions.

Piper Jaffray and Stifel are acting as joint book-running managers and BTIG, JMP Securities and SunTrust Robinson Humphrey are acting as co-managers of the proposed offering.

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