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IRIDEX prices common stock offering

IRIDEX Corp. priced an underwritten public offering of about 1.15 million common shares at a per-share price of $14.00.

The company has granted the underwriters an overallotment option to buy up to 172,500 common shares.

IRIDEX expects to raise about $15.1 million in net proceeds after deduction of underwriting discounts and assuming no exercise of the underwriters' overallotment option.

The company intends to use the net proceeds for working capital and other general corporate purposes. The offering is expected to close Dec. 14.

Roth Capital Partners is acting as sole manager for the offering.