Exhibit 99.1
Alphatec Holdings, Inc. Announces Pricing of Public Offering of Common Stock
CARLSBAD, California, July 31, 2019 – Alphatec Holdings, Inc. (“ATEC”) (NASDAQ: ATEC), a provider of innovative spine surgery solutions dedicated to revolutionizing the approach to spine surgery, today announced the pricing of an underwritten public offering of 10,900,000 shares of its common stock at a public offering price of $4.60 per share. The offering is expected to close on or about August 2, 2019, subject to the satisfaction of customary closing conditions. In connection with the offering, ATEC has granted the underwriters a30-day option to purchase up to an additional 1,635,000 shares of common stock in the offering at the public offering price, less underwriting discounts and commissions.
Piper Jaffray and Canaccord Genuity are acting as joint book-running managers in the offering. Lake Street Capital Markets is acting asco-manager in the offering.
ATEC expects to receive gross proceeds of approximately $50,140,000. ATEC intends to use the net proceeds from the offering, after deducting underwriting discounts and commissions and estimated offering expenses payable by ATEC, for general corporate purposes, including working capital, capital expenditures, and continued research and development with respect to products and technologies. A portion of the net proceeds of the offering may be used to fund possible investments in or acquisitions of complementary businesses, products, or technologies. ATEC currently does not have any agreements or commitments to complete any such transaction.
The shares of common stock are being offered pursuant to a shelf registration statement on FormS-3 (FileNo. 333-221085) previously filed with and declared effective by the Securities and Exchange Commission. A preliminary prospectus supplement and accompanying base prospectus relating to the offering, and a final prospectus supplement and accompanying base prospectus relating to the offering each contain important information relating to the ATEC’s shares of common stock. A preliminary prospectus supplement and accompanying prospectus relating to the offering have been filed with the SEC and are available on the SEC’s website atwww.sec.gov. The final prospectus supplement and accompanying base prospectus will be filed with the SEC and available on the SEC’s website thereafter, and, when available, may also be obtained from Piper Jaffray & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, via telephone at (800)747-3924 or via email at prospectus@pjc.com; or from Canaccord Genuity LLC, Attention: Syndicate Department, 99 High Street, Suite 1200, Boston, MA 02110, or by email at prospectus@cgf.com, or by phone at (617)371-3900.
