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Orthopedic and Dental Industry News Complete Archive »

Xtant Medical Prices $11 million Public Offering BY ANDREW VAHRADIAN, NOVEMBER 9, 2016

Xtant Medical priced a public offering for up to $11 million.

The offering consists of 15 million units of common stock and warrants priced at at $0.75 per unit. Under the terms of the offering, each unit is comprised of one share of common stock and one warrant exercisable at $0.90 within five years of the issuance date.

Xtant plans to utilize the new capital to expand its Belgrade, MT tissue processing facility to include seven new processing rooms, which will double the company's available processing room capacity enhancing both production efficiency and utilization of resources. The company develops regenerative medicine products and implants for the orthopedic and spinal sectors.

The offering commenced on October 31st, and is anticipated to close on November 14th.

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