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Mazor Robotics Seeks To Raise $46 Million On Nasdaq

The surgical systems company has filed with the US Securities and Exchange Commission (SEC) a prospectus to issue two million American Depository.

ori_hadomi MAZOR
 CEO Ori Hadomi

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Mazor Robotics Ltd. (Nasdaq: MZOR; TASE:MZOR) has filed with the US Securities and Exchange Commission (SEC) a prospectus to issue two million American Depository Shares (ADSs) in a public offering to raise $40-46 million. It has granted the underwriters, Barclays Capital Inc., Ladenburg Thalmann & Co. Inc., JMP Securities LLC and First Analysis Securities Corporation option to purchase up to 300, 000 additional ADSs at the offering price. Mazor also announced that it expects 50% revenue growth to $14.2 million in January-September 2013 from $9.4 million, after selling 16 Renaissance spinal surgical navigation systems during in 2013. 56 Renaissance systems are now operating worldwide, including 30 in the US. The company added that it expects to report $22.9 million in cash, cash equivalents and marketable securities and no long-term debt, as of the end of September.

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