TELA Bio Inc. (TELA) Prices 3M Share Common Offering at $16/Sh

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Go back to TELA Bio Inc. (TELA) Prices 3M Share Common Offering at $16/Sh

TELA Bio Announces Pricing of Public Offering of Common Stock

June 25, 2020 6:41 PM EDT

MALVERN, Pa., June 25, 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 pricing of its underwritten public offering of 3,000,000 shares of its common stock at a public offering price of $16.00 per share for gross proceeds of $48.0 million, before underwriting discounts and commissions. In addition, TELA has granted 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... More