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Mazor Robotics expands Nasdaq offering to $47m

The underwriters exercised their over-allotment options in full for the robotic surgical device company.
ori_hadomi MAZOR

CEO Ori Hadomi


Mazor Robotics Ltd. (Nasdaq: MZOR; TASE:MZOR) has increased the size of its Nasdaq offering to a gross $46.9 million from $40.8 million, after the underwriters exercised their over-allotment offer in full. The company offered 1.4 million American Depositary Shares (ADSs) at $17 per ADS, and the underwriters bought 360, 000 ADSs at the same price. The company has developed the Renaissance surgical navigation robot to help in spinal procedures. Barclays Capital Inc. is acting as sole book-running manager with Ladenburg Thalmann & Co. Inc., JMP Securities LLC and First Analysis Securities Corporation acting as co-managers of the offering.

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