Inari Medical, Inc. is a commercial medical device manufacturing company focused on developing products that treat and transform the lives of patients suffering from venous and dangerous diseases. Inari is not only focused on treating venous thromboembolism but also trying to improve the quality of the life of patients that are suffering from these diseases by safely and effectively removing blood clots from them. Inari has developed two of the minimal and invasive, catheter-based mechanical thrombectomy devices that are specifically designed to remove large clots from large vessels and eliminate the total and complete need for thrombolytic drugs.
The ClotTriever system has been cleared by the FDA for thrombectomy in the peripheral vessels and is now being used to treat patients that are suffering from deep vein thrombosis. NARI has announced on 21st May 2020 the pricing of its upsized initial public offering of 8,202,565 shares of its common stock at the public offering at a price of just $19.00 per share, for total gross proceeds of approximately $156 million, even before deducting underwriting discounts and commissions and offering expenses. All of these shares are being offered and sold by the NASDAQ: NARI at https://www.webull.com/quote/nasdaq-nari itself.
In addition, NARI has also granted the underwriters a 30-day option to purchase up to an additional 1,230,384 shares of common stock at the initial public offering price, less underwriting discounts, and commissions. NARI’s common stock is expected to begin its trades on the Nasdaq Global Select Market on May 22, 2020, under the ticker symbol “NARI.” The offers on trades are expected to close on May 27, 2020, as per the customs. BofA Securities and Morgan Stanley are acting as joint lead book-runningand have been acting as the managers for this offering. Wells Fargo Securities and Canaccord Genuity have been acting as co-managers.
A registration statement that is related to the company’s shares is being sold in these offerings as per declarations by the U.S. Securities as of May 21, 2020. The offering is being made only by means of a prospectus, copies of which may be obtained from BofA Securities, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, and from Morgan Stanley. This press release shall also not constitute any offers that are to be sold or an offer to buy these securities, nor will there be any sales of these securities in any of these states or jurisdictions in which such offers are present or the sales would be very unlawful practiced as per the security laws of these states and jurisdictions. You can check more stock news at free trading app . Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.