Treace Medical Concepts prices $100M offering

• Treace Medical Concepts (NASDAQ:TMCI) prices an underwritten public offering of ~4.76M shares at a public offering price of $21.00 per share.
• Underwriters have a 30-day option to purchase up to an additional 714,285 shares.
• Gross proceeds are expected to be ~$100M, excluding any exercise of the underwriters’ option to purchase additional shares.
• The offering is expected to close February 10, 2023.
• Net proceeds to be deployed for general corporate purposes, including research and development and sales and marketing activities, general and administrative matters and capital expenditures.