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LDR Holdings announced stock price for its proposed public offering

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LDR Holdings Corporation has announced the proposed public offering of 2 million shares of its common public stock at a price of $40 per share to the public.

According to a company press release, the company also has granted the underwriters a 30-day option to purchase up to 300,000 additional shares of its common stock.

Net proceeds from the sale of the public stock will be used by LDR Holdings for expansion of its sales and marketing efforts in the United States and internationally, including its continued launch of Mobi-C in the United States, and investments in research and development. According to the release, the company also will use the proceeds to pay for approximately $18.2 million in debt, potential acquisitions of complementary technologies, and working capital and other general corporate purposes.

Reference: www.ldr.com