Apollo Endosurgery Inc. is seeking to raise millions of dollars by selling more shares.
The Austin-based medical device company said Wednesday it will launch a public offering of more than 3.7 million common stock at $5.50 per share, which would raise $20.6 million. It has also given the underwriter, Craig-Hallum Capital Group LLC, the option to purchase up to 562,055 additional shares, worth $3 million.
The offering is expected to close June 22 pending closing conditions.
