Sanara MedTech (SMTI) Prices 1.1M Share Common Stock Offering at $25/Each

Based in Fort Worth, Texas, Sanara MedTech Inc. ("Sanara," the "Company," "we," "our" or "us") (NASDAQ: SMTI), a provider of wound and skin care products dedicated to improving patient outcomes, today announced the pricing of its underwritten public offering of 1,100,000 shares of common stock at a public offering price of $25.00 per share. In addition, Sanara has granted the underwriters a 30-day option to purchase up to an additional 165,000 shares of common stock. Sanara anticipates the total gross proceeds from the offering (before deducting the underwriting discounts and offering expenses) will be $27.5 million, excluding any exercise of the underwriters' option to purchase additional shares. The offering is expected to close on February 17, 2021, subject to customary closing conditions.

Cantor Fitzgerald & Co. is acting as the sole book-running manager for the offering.

The shares of common stock are being offered by the Company pursuant to a registration statement previously filed with and declared effective by the Securities and Exchange Commission (the "SEC").

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