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Orthopedic and Dental Industry News Complete Archive »

LDR to Raise a Potential $150M Through Shelf Registration Process BY ANDREW VAHRADIAN, DECEMBER 15, 2014

LDR filed to raise up to $150 million in new capital through a "shelf” registration process utilizing any combination of offerings of common and preferred stock, debt securities or warrants.

As the registration is valid for up to three years, the company may determine not to begin to raise capital at this time.

The company plans to use the potential proceeds for general corporate purposes, which may consist of working capital, capital expenditures, repayment or refinancing of indebtedness, acquisitions, repurchases and redemptions of securities, other corporate expenses and acquisitions of products, technologies or businesses.

LDR develops surgical implants, devices, and instrumentation for the treatment spinal disorders. The company's primary products are its VerteBRIDGE fusion and Mobi non-fusion platforms, both designed for applications in the cervical and lumbar spine. The company raised $75 million in proceeds through its initial public offering (IPO) process in 3Q:13.

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