Conformis: Falls on discounted stock offering

ConforMIS

12/02/2021 15:03

** Shares of medical device maker Conformis Inc  CFMS.O 
down ~20% at $1.08, their biggest daily percentage drop in
nearly 11 months 
    ** Conformis announces pricing of $85 mln underwritten stock
offering, intends to use proceeds for general corporate
purposes, manufacturing development, among others 
    ** CFMS is offering 81 mln shares at $1.05 a piece,
representing a discount of ~22% to stock's last close
    ** Oppenheimer & Co Inc is acting as the sole book-running
manager for the offering  urn:newsml:reuters.com:*:nGNX6X15W
    ** Co has 85.94 mln shares outstanding and 79.93 mln free
float
    ** Stock up ~68% YTD

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com;
twitter.com/Arundhati_05; +1 646 223 8780 Ext: 2776))