Sharps Compliance (SMED) Prices 1.8M Share Offering at $8.65/sh
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Sharps Compliance Corp. Prices $15.6 Million Underwritten Public Offering of Common Stock
August 25, 2021 10:17 PM EDTHOUSTON, Aug. 25, 2021 (GLOBE NEWSWIRE) -- Sharps Compliance Corp. (Nasdaq: SMED) (the Company) today announced the pricing of an underwritten public offering of 1,800,000 shares of its common stock at a public offering price of $8.65 per share. The Company has also granted to the underwriters a 30-day option to acquire an additional 270,000 shares to cover overallotments in connection with the offering. After the underwriting discount and before estimated offering expenses payable by the Company, the Company expects to receive net proceeds of approximately $14.8 million, assuming no exercise of the overallotment option. The offering is... More
