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iRhythm Technologies Announces Closing of Follow-on Public Offering and Full Exercise of the Underwriters' Option to Purchase Additional SharesSAN FRANCISCO, Sept. 10, 2019 (GLOBE NEWSWIRE) -- iRhythm Technologies, Inc. (NASDAQ: IRTC), a leading digital health care solutions company focused on the advancement of cardiac care, announced today the closing of its underwritten public offering of 1,575,342 shares of its common stock at a public offering price of $73.00 per share, which included the exercise in full of the underwriters’ option to purchase 205,479 additional shares of common stock on the same terms and conditions. All of the shares were offered for sale by iRhythm Technologies. Gross proceeds from the offering to iRhythm Technologies were approximately $115 million, before deducting underwriting discounts and commissions and other offering expenses payable by iRhythm Technologies. J.P. Morgan and Morgan Stanley acted as joint lead book-running managers for the offering. Canaccord Genuity and BTIG acted as co-managers. A registration statement (including a base prospectus) and a final prospectus supplement relating to these securities have been filed with the U.S. Securities and Exchange Commission (the SEC). The registration statement became effective on September 4, 2019 when filed with the U.S. Securities and Exchange Commission (the SEC). The final prospectus supplement and accompanying base prospectus relating to the offering are available for free by visiting EDGAR on the SEC website at www.sec.gov. Aternatively, copies may be obtained from: J.P. Morgan Securities LLC, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717, via telephone: (866) 803-9204, or via email: [email protected]; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About iRhythm Technologies, Inc. Forward-Looking Statements Investor Relations Contact |