trending Market Intelligence /marketintelligence/en/news-insights/trending/fqqLYwGYM3pWqLEKc6YWig2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

EnteroMedics prices $20M offering of units

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Video

COVID-19 Impact & Recovery: Healthcare Outlook for H2 2021

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Corporate Credit Risk Trends in Developing Markets: A Probability of Default Perspective


EnteroMedics prices $20M offering of units

EnteroMedics Inc. priced an underwritten public offering of units at $1,000 apiece to raise $20 million in gross proceeds.

Each unit is comprised of a series B preferred stock and a seven-year warrant to purchase 435 common shares of the company at $2.30 apiece.

Each preferred stock can also be converted into 435 common shares of the company at $2.30 apiece.

The preferred stocks include a beneficial ownership blocker but have no dividend rights.

EnteroMedics plans to use the proceeds to advance its product pipeline.

The offering is expected to close by Aug. 16, with Ladenburg Thalmann & Co. Inc. acting as the sole book-running manager.