TranS1 Inc. Announces Pricing of Public Offering of Common Stock (press release)
WILMINGTON, N.C., Sept. 21, 2011 (GLOBE NEWSWIRE) -- TranS1 Inc. (Nasdaq:TSON) today announced that it has priced its public offering of 6,200,000 shares of its common stock at a price to the public of $3.25 per share. TranS1 has granted the underwriters a 30-day option to purchase up to 930,000 additional shares of common stock to cover over-allotments, if any. The gross proceeds to TranS1 from the sale of shares, before expenses and any over-allotment exercise, are expected to be $20,150,000. The closing of the offering is expected to take place on September 26, 2011. Piper Jaffray & Co. is acting as the sole book-running manager for the offering and Canaccord Genuity is acting as co-manager.
A shelf registration statement relating to the shares of common stock was originally filed with the Securities and Exchange Commission on May 16, 2011, which became effective on August 1, 2011. A final prospectus supplement relating to the offering will be filed with the SEC. Copies of the final prospectus supplement and related prospectus may be obtained, when available, by contacting Piper Ja...
