Vapotherm Announces Proposed Public Offering of Common Stock
May 06 2020 - 4:08PM
Business Wire
Vapotherm, Inc. (NYSE:VAPO) (“Vapotherm”), a global medical
technology company focused on the development and commercialization
of its proprietary Hi-VNI® Technology products that are used to
treat patients of all ages suffering from respiratory distress,
announced today the commencement of a proposed public offering of
$75 million of its shares of common stock. All of the shares will
be offered by Vapotherm. Vapotherm also expects to grant the
underwriters a 30-day option to purchase additional shares of
common stock in an amount of up to 15 percent of the number of
shares sold in the offering.
BofA Securities and William Blair are acting as joint
book-running managers for the proposed offering. Canaccord Genuity
is acting as lead manager and BTIG is acting as co-manager.
A shelf registration statement on Form S-3 relating to the
securities being sold in this offering was declared effective by
the Securities and Exchange Commission (the “SEC”) on December 30,
2019. Before you invest, you should read the prospectus in the
registration statement and related preliminary prospectus
supplement that Vapotherm will file with the SEC for more complete
information about the Company and this offering. An electronic copy
of the preliminary prospectus supplement and accompanying
prospectus relating to the offering will be available on the SEC
website at www.sec.gov. Copies of the preliminary prospectus
supplement and accompanying prospectus relating to the offering may
also be obtained, when available, from BofA Securities,
NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC
28255-0001, Attention: Prospectus Department, or via email at
dg.prospectus_requests@bofa.com, or from William Blair &
Company, L.L.C., Attention: Prospectus Department, 150 North
Riverside Plaza, Chicago, IL 60606; via telephone at (800) 621-0687
or via email at prospectus@williamblair.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Vapotherm
Vapotherm, Inc. is a publicly traded developer and manufacturer
of advanced respiratory technology based in Exeter, New Hampshire,
USA. The Company develops innovative, comfortable, non-invasive
technologies for respiratory support of patients with chronic or
acute breathing disorders. Over 2.2 million patients have been
treated with Vapotherm Hi-VNI Technology. Hi-VNI Technology is
mask-free noninvasive ventilatory support for spontaneously
breathing patients and is a front-line tool for relieving
respiratory distress—including hypercapnia, hypoxemia, and dyspnea.
It allows for the fast, safe treatment of undifferentiated
respiratory distress with one tool. Hi-VNI Technology’s mask-free
interface delivers optimally conditioned breathing gases, making it
comfortable for patients and reducing the risks associated with
mask therapies. While being treated, patients can talk, eat, drink
and take oral medication.
Legal Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements,
including statements about the terms of the offering. In some
cases, you can identify forward-looking statements by terms such as
“expect,” “guide” or “typically” or the negative of these terms or
other similar expressions, although not all forward-looking
statements contain these words. Each forward-looking statement is
subject to risks and uncertainties that could cause actual results
to differ materially from those expressed or implied in such
statement. Applicable risks and uncertainties include, but are not
limited to, risks and uncertainties associated with the
consummation of the proposed offering, the impact of the COVID-19
pandemic on Vapotherm’s business, including its supply chain, and
general economic conditions and the other risks and uncertainties
included under the heading “Risk Factors” in Vapotherm’s Annual
Report on Form 10-K for the fiscal year ended December 31, 2019, as
filed with the SEC on March 4, 2020, and in Vapotherm’s Quarterly
Report on Form 10-Q for the quarter ended March 31, 2020, as filed
with the SEC on May 5, 2020, or under the heading “Risk Factors”
included in the preliminary prospectus related to the proposed
public offering filed with the SEC and in any subsequent filings
with the SEC. The forward-looking statements contained in this
press release reflect Vapotherm’s views as of the date hereof, and
Vapotherm does not assume and specifically disclaims any obligation
to update any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20200506006032/en/
Investor Relations: Mark Klausner or Mike Vallie,
Westwicke, an ICR Company, ir@vtherm.com, +1-(603)-658-0011
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