Heska prices new stock offering, upsized to $175M
LOVELAND — Just a day after it said it would seek $150 million in proceeds by selling new stock, veterinary diagnostics provider Heska Corp. (Nasdaq: HSKA) added $25 million in anticipated funds as part of its priced offering.
The Loveland company will offer 940,860 new shares to the public at a price of $186 per share, setting the target for its funding amount at approximately $175 million before deducting underwriting fees.
If all sold, the new shares would increase the company’s shares outstanding by approximately 10%.
SPONSORED CONTENT
Select your Republic Services residential cart now!
In preparation for Republic Services becoming the primary provider of residential recycling, yard trimmings, and trash, residents should now select the best cart size and service schedule for their household needs.
The company plans to use the proceeds for general corporate purposes, but a portion could also be used to fund acquisitions or pay down debt.
Heska ended 2020 with a 60% year-over-year increase in revenues after acquiring multiple diagnostics providers in Europe. However, it ended the year with a $14.4 million loss.
© 2021 BizWest Media LLC
LOVELAND — Just a day after it said it would seek $150 million in proceeds by selling new stock, veterinary diagnostics provider Heska Corp. (Nasdaq: HSKA) added $25 million in anticipated funds as part of its priced offering.
The Loveland company will offer 940,860 new shares to the public at a price of $186 per share, setting the target for its funding amount at approximately $175 million before deducting underwriting fees.
If all sold, the new shares would increase the company’s shares outstanding by approximately 10%.
The company plans to use the proceeds for general corporate purposes, but a portion could also be…
THIS ARTICLE IS FOR SUBSCRIBERS ONLY
Continue reading for less than $3 per week!
Get a month of award-winning local business news, trends and insights
Access award-winning content today!