Sunshine Heart Commences Underwritten Public Offering of Common Stock

Sunshine Heart Inc. (NASDAQ:SSH, ASX:SHC) announced that it has commenced an underwritten public offering of common shares pursuant to a shelf registration statement previously filed with the U.S. SEC (File No. 333-187273).

As quoted in the press release:

In addition, Sunshine Heart expects to grant the underwriter a 30-day option to purchase up to an additional 15 percent of the shares of common stock offered in the public offering solely to cover over-allotments, if any. The offering is subject to customary conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Click here to read the full Sunshine Heart Inc. (NASDAQ:SSH, ASX:SHC) press release.