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Device company Entellus Medical nets $37.6mm in FOPO

Executive Summary

Entellus Medical Inc. netted $37.6mm through the sale of 2.35mm common shares at $17 in a follow-on public offering. Selling shareholders also sold 1.2mm common shares. The company, which focuses on minimally invasive treatment of chronic and recurrent sinusitis, will use the offering proceeds for working capital and to repay part of its outstanding credit facility with Oxford Finance.
Deal Industry
  • Medical Devices
    • Surgical Equipment & Devices
      • Minimally or Less Invasive
Deal Status
  • Final
Deal Type
  • Financing
    • FOPO

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