Nevro (NVRO) Announces Proposed 1.625M Shares Common Offering
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Nevro (NVRO) Announces Pricing of Public Offerings of Common Stock and Convertible Senior Notes
April 2, 2020 8:09 AM EDTNevro Corp. ("Nevro") (NYSE: NVRO), a global medical device company that is providing innovative, evidence-based solutions for the treatment of chronic pain, today announced the pricing of concurrent underwritten public offerings of (a) 1,625,000 shares of its common stock at a public offering price of $84.00 per share for gross proceeds, before deducting underwriting discounts and commissions and estimated offering costs, of approximately $136,500,000 (the "common stock offering") and (b) $165,000,000 aggregate amount of its 2.75% convertible senior notes due 2025 (the "notes") (the "notes offering"). Nevro has granted the underwriters of the offerings a 30-day option to purchase an... More
Nevro (NVRO) withdraws its previously announced annual guidance for 2020
April 1, 2020 4:09 PM EDTNevro Corp. (NYSE: NVRO), a global medical device company that is providing innovative, evidence-based solutions for the treatment of chronic pain, today announced preliminary unaudited worldwide revenue for the quarter ended March 31, 2020 and the withdrawal of its full year 2020 financial guidance issued on February 25, 2020. In addition, the Company provided an update on the actions it is taking in response to the COVID-19 pandemic.
First Quarter 2020 UpdatePreliminary unaudited first quarter 2020 worldwide revenue is expected to be in the range of $86.4 to $86.9 million, a 5-6% increase compared to $82.1 million in the first quarter of... More
