Secondary Stock OfferingsBy The Online Investor Staff, updated Wed., May. 27, 10:41 AM
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Slide #3. TransMedics Group, Inc. — Secondary Offering
TransMedics Group, Inc. (NASDAQ:TMDX)
Secondary Offering Details:
TransMedics Group, Inc. ("TransMedics") (Nasdaq: TMDX), a medical technology company that is transforming organ transplant therapy for patients with end-stage lung, heart and liver failure, announced today the commencement of a proposed public offering of $60 million of its shares of common stock. All of the shares will be offered by TransMedics. TransMedics also expects to grant the underwriters a 30-day option to purchase additional shares of its common stock in an amount of up to 15 percent of the number of shares sold in the offering.
TransMedics is a commercial-stage medical technology company transforming organ transplant therapy for end-stage organ failure patients across multiple disease states. Co. developed the Organ Care System (“OCS”) to replace a decades-old standard of care. The OCS represents a paradigm shift that transforms organ preservation for transplantation from a static state to a dynamic environment that enables new capabilities, including organ optimization and assessment. Co.'s OCS technology replicates many aspects of the organ's natural living and functioning environment outside of the human body.
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Strong Buy (3.60 out of 4)
(ranked higher than approx. 69% of all stocks covered)
Based on Zacks ABR data;
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