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Stock impact report

Xtant Medical Announces $5.0 Million Private Placement [Yahoo! Finance]

Xtant Medical Holdings, Inc. (XTNT) 
US:NASDAQ Investor Relations: investor.xtantmedical.com
Company Research Source: Yahoo! Finance
surgical solutions for the treatment of spinal disorders, today announced it has entered into a securities purchase agreement with an existing institutional investor to sell shares of its common stock in a private placement. The Company agreed to issue an aggregate of 7,812,500 shares of common stock at a purchase price of $0.64 per share, resulting in gross proceeds of $5.0 million. The Company expects to use the net proceeds from the private placement for working capital and other general corporate purposes. The closing of the private placement is expected to occur on or about August 9, 2024, subject to the satisfaction of customary closing conditions. Craig-Hallum Capital Group LLC is acting as sole placement agent for the private placement. The private placement is being made pursuant to the exemption from securities registration under Section 4(a)(2) of the Securities Act of 1933, as amended, and Rule 506 of Regulation D as promulgated by the United States Securities and Ex Show less Read more
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