Axonics Modulation Technologies (AXNX) to Offer $150M in Common Stock

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Go back to Axonics Modulation Technologies (AXNX) to Offer $150M in Common Stock

Axonics® Announces Proposed Public Offering of Common Stock

May 11, 2021 4:17 PM EDT

IRVINE, Calif.--(BUSINESS WIRE)-- Axonics, Inc. (Nasdaq: AXNX), a global medical technology company that is developing and commercializing novel products for the treatment of bladder and bowel dysfunction, today announced that it has commenced a proposed public offering of $150,000,000 in shares of its common stock. Axonics expects to grant the underwriters a 30-day option to purchase up to $22,500,000 in additional shares of its common stock at the public offering price, less the underwriting discount and commissions.

Axonics anticipates using net proceeds from the offering to repay all or a portion of its... More