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RR1:AU
Rights Issue and Shortfall
Obalon Therapeutics Prices Public Offering of Common Stock
Jan. 19, 2018 09:42AM PST
Medical Device InvestingObalon Therapeutics (NASDAQ:OBLN), a vertically integrated medical device company with the first and only FDA-approved swallowable, gas-filled intragastric balloon system for the treatment of obesity, announced the pricing of an underwritten public offering of 5,454,545 shares of its common stock at a public offering price of $5.50 per share. As quoted in the press release: …
Obalon Therapeutics (NASDAQ:OBLN), a vertically integrated medical device company with the first and only FDA-approved swallowable, gas-filled intragastric balloon system for the treatment of obesity, announced the pricing of an underwritten public offering of 5,454,545 shares of its common stock at a public offering price of $5.50 per share.
As quoted in the press release:
UBS Investment Bank, Canaccord Genuity and Stifel are acting as joint book-running managers for the offering. BTIG is acting as a co-manager.
The offering is being made pursuant to a shelf registration statement that was declared effective by the Securities and Exchange Commission (SEC) on November 17, 2017.
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