Xtant Medical (XTNT) Prices 20M Share Offering at $0.75/sh

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Xtant Medical Announces $15 Million Private Placement

July 3, 2023 7:27 AM EDT

BELGRADE, Mont., July 03, 2023 (GLOBE NEWSWIRE) -- Xtant Medical Holdings, Inc. (NYSE American: XTNT), a global medical technology company focused on surgical solutions for the treatment of spinal disorders, today announced it has entered into a securities purchase agreement with accredited investors to sell shares of its common stock in a private placement. The Company agreed to issue an aggregate of 20,000,000 shares of common stock at a purchase price of $0.75 per share, resulting in gross proceeds of $15 million.

The Company expects to use the net proceeds from the private... More