RxSight, Inc. Announces Full Exercise of Underwriters’ Option to Purchase Additional Shares and Closing of its Public Offering of Common Stock
RxSight, Inc. announced the successful closing of its public offering of common stock, selling 4,600,000 shares at $12.50 each, generating approximately $53.7 million in net proceeds after expenses. The offering included the full exercise of the underwriters' option to purchase an additional 600,000 shares. BofA Securities served as the sole bookrunning manager. This follows a previously filed shelf registration statement with the SEC on August 8, 2022. RxSight is focused on enhancing post-cataract surgery vision through its innovative Light Adjustable Lens technology.
- Raised approximately $53.7 million through the public offering.
- The offering included an additional 600,000 shares indicating strong demand.
- Dilution of existing shareholders due to new share issuance.
ALISO VIEJO, Calif., Feb. 14, 2023 (GLOBE NEWSWIRE) -- RxSight, Inc. (“RxSight®”), an ophthalmic medical device company dedicated to improving the vision of patients following cataract surgery, today announced that, in connection with its previously announced public offering of common stock (the “Offering”), the underwriters exercised in full their option to purchase an additional 600,000 shares of RxSight’s common stock at a public offering price of
RxSight also announced that it has closed the Offering, selling an aggregate of 4,600,000 shares of its common stock at a price of
BofA Securities acted as the sole bookrunning manager for the Offering.
A shelf registration statement on Form S-3 relating to these securities described above was filed with the Securities and Exchange Commission (the "SEC") on August 8, 2022, and declared effective by the SEC on August 12, 2022. RxSight filed a preliminary prospectus supplement and accompanying prospectus relating to the Offering with the SEC on February 7, 2023. A final prospectus supplement and accompanying prospectus relating to the Offering was filed with the SEC on February 8, 2023, and is available on the SEC’s website at www.sec.gov. Copies of the final prospectus supplement and the accompanying prospectus may also be obtained from: BofA Securities, Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, by telephone at 1-800-294-1322 or by email at dg.prospectus_requests@bofa.com.
This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other 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 other jurisdiction. The offering may be made only by means of a prospectus supplement and accompanying prospectus.
About RxSight, Inc.
RxSight, Inc. is a commercial-stage medical technology company dedicated to improving the vision of patients following cataract surgery. The RxSight Light Adjustable Lens® system, comprised of the RxSight Light Adjustable Lens (LAL®), RxSight Light Delivery Device (LDD™) and accessories, is the first and only commercially available intraocular lens (IOL) technology that enables doctors to customize and optimize visual acuity for patients after cataract surgery.
Company Contact:
Shelley B. Thunen
Chief Financial Officer
sthunen@rxsight.com
Investor Relations Contact:
ir@rxsight.com
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