TELA Bio Inc. (TELA) Announces Proposed 3M Common Share Offering

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TELA Bio Announces Proposed Public Offering of Common Stock

June 23, 2020 4:16 PM EDT

MALVERN, Pa., June 23, 2020 (GLOBE NEWSWIRE) -- TELA Bio, Inc. ("TELA"), a commercial-stage medical technology company focused on designing, developing and marketing a new category of tissue reinforcement materials to address unmet needs in soft tissue reconstruction, today announced the commencement of a proposed underwritten public offering of 3,000,000 shares of its common stock.  In addition, TELA expects to grant the underwriters a 30-day option to purchase up to 450,000 additional shares of common stock in the offering.  All shares of common stock are being offered by TELA.  The offering is subject to market and other conditions, and there can be... More