Sientra announces $75M common stock offering
Sientra announced that it has commenced an underwritten public follow-on offering of approximately $75M of its common stock to be sold by the company. Sientra intends to use the net proceeds from this offering to implement sales and marketing initiatives, expand its U.S. and global commercial organizations, fund its research and development efforts, and for general corporate purposes, including general and administrative expenses, capital expenditures and general working capital purposes. Sientra may also use a portion of the net proceeds to acquire or invest in complementary businesses, products and technologies, although it has no current commitments or agreements with respect to any acquisitions as of the date hereof. Stifel, William Blair and SVB Leerink are acting as joint book-running managers for the offering.