Welcome to our dedicated page for Alphatec Hldgs news (Ticker: ATEC), a resource for investors and traders seeking the latest updates and insights on Alphatec Hldgs stock.
Alphatec Holdings Inc (ATEC) delivers innovative spinal surgery solutions through advanced medical technologies designed to improve surgical outcomes. This news hub provides investors and healthcare professionals with essential updates on the company's latest developments in spinal fusion systems, regulatory milestones, and strategic partnerships.
Access authoritative information about ATEC's product innovations, including solutions for Posterior Cervical Fusion and Lateral Interbody Fusion procedures. Our curated collection features earnings announcements, clinical trial updates, and executive leadership changes - all critical for understanding the company's market position.
Key updates include:
- New product approvals and surgical device launches
- Financial performance reports and investor communications
- Collaborations with spine surgeons and research institutions
- Industry recognition and patent developments
Bookmark this page for ongoing access to verified information about Alphatec's contributions to spinal care technology. Check regularly for objective updates that matter to both clinical practitioners and investment decision-makers.
Alphatec Holdings, Inc. (NASDAQ: ATEC) has announced the pricing of an underwritten registered offering of 4,285,715 shares of common stock at a price of $14.00 per share. This move is expected to generate approximately $60 million in gross proceeds before underwriting discounts and commissions. The offering is scheduled to close on or about April 21, 2023, and the shares are being offered under a shelf registration statement that was declared effective on April 19, 2023. TD Cowen is the sole book-runner for this offering. ATEC is focused on innovative solutions for spine surgery, aiming to enhance surgical goals with its Organic Innovation Machine™ and AlphaInformatiX Platform.
Alphatec Holdings, a spine surgery solution provider, has acquired the REMI Robotic Navigation System from Fusion Robotics for $55 million. This acquisition aims to enhance ATEC’s procedural strategy by integrating advanced navigation and robotics into spinal workflows. The company expects total revenue to exceed $108 million in Q1 2023, reflecting over 52% year-over-year growth. Additionally, ATEC has raised its full-year revenue guidance to $450 million, a 28% increase from the previous year. The firm anticipates achieving break-even adjusted EBITDA in 2023 and free cash flow in 2025. A live webcast will discuss these developments, scheduled for today at 2:00 PM PT.
FAQ
What is the current stock price of Alphatec Hldgs (ATEC)?
What is the market cap of Alphatec Hldgs (ATEC)?
