TransEnterix (TRXC) Reports 25M Share Registered Direct Offering at $1.25/Sh

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Go back to TransEnterix (TRXC) Reports 25M Share Registered Direct Offering at $1.25/Sh

TransEnterix Announces $31.25 Million Registered Direct Offering of Common Stock

January 12, 2021 7:50 AM EST

RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)-- TransEnterix, Inc. (NYSE American: TRXC), a medical device company that is digitizing the interface between the surgeon and the patient to improve minimally invasive surgery, today announced that it has entered into securities purchase agreements with several institutional investors for the purchase and sale, in a registered direct offering of 25,000,000 shares of its common stock at a purchase price of $1.25 per share for gross proceeds of $31.25 million. The offering is expected to close on or about January 14, 2021, subject to satisfaction of customary closing... More