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Natus Priced Shelf offering, the Company planned to Raise
Approximately $25 Million.
Natus Medical
Incorporated recently announced that it priced an offering to sell
2.3 Million shares of its common stock at a price of $11.63 per
share. The shares are being sold under the Company's previously
filed shelf registration statement, which was declared effective by
the Securities and Exchange Commission on August 15, 2006.
The Company
expected that the net proceeds of the offering will be approximately
$25 million after deducting underwriting commissions and discounts
and other expenses associated with the offering. The Company
currently intends to use the proceeds for general corporate
purposes, which may include the financing of potential acquisitions
of, or investments in, companies and technologies that complement
the Company's business, as well as for capital expenditures and
working capital needs. The Company may also use a portion of the
proceeds to repay some or all of the remaining balance on its senior
secured credit facility with Wells Fargo Bank.
Roth Capital
Partners, LLC acted as the sole underwriter of the offering. |