EDAP TMS S.A. (EDAP) Prices 4.15M Share Follow-On Offering at $6.75/Sh
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EDAP Announces Pricing of Follow-On Offering
April 23, 2021 2:30 AM EDTLYON, France, April 23, 2021 -- EDAP TMS S.A. (NASDAQ: EDAP) (the Company), a global leader in robotic energy-based therapies, announced that the price of its offering of American Depositary Shares (ADS) has been set at $6.75 per ADS and that the number of offered ADSs is 4,150,000 for an amount of approximately $28 million. The closing of the offering is expected to occur on April 27, 2021, subject to customary closing conditions.
Piper Sandler is acting as the sole book-running manager for the offering. B. Riley Securities and Lake Street Capital Markets are acting as co-managers for the offering.
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