Full Press Release Details
OrthoPediatrics Corp. Announces Pricing
of Offering of Common Stock
WARSAW, Indiana, December 7, 2018 -
OrthoPediatrics Corp. ("OrthoPediatrics") (Nasdaq: KIDS), a company exclusively
focused on advancing the field of pediatric orthopedics, announced today the pricing of its underwritten follow-on public
offering of 1,500,000 shares of its common stock at a price to the public of $27.00 per share.
The offering is expected to close on or
around December 11, 2018 subject to customary closing conditions. In addition, OrthoPediatrics has granted the underwriters a 30-day
option to purchase up to an additional 225,000 shares of its common stock at the public offering price, less the underwriting discounts
Piper Jaffray and Stifel are acting as
joint book-running managers and BTIG and JMP Securities are acting as co-managers of the proposed offering.
The proposed offering is being made pursuant
to a shelf registration statement on Form S-3 that became effective on November 9, 2018. The proposed offering is being made only
by means of a written prospectus and prospectus supplement that form part of the registration statement. A preliminary prospectus
supplement and accompanying prospectus relating to and describing the terms of the offering has been filed with the SEC and
is available on the SEC's website at www.sec.gov. A final prospectus supplement and accompanying prospectus
will be filed with the SEC. Copies of the preliminary prospectus supplement and accompanying prospectus and, when available,
the final prospectus supplement and accompanying prospectus may also be obtained for free from the offices of Piper Jaffray &
Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, via telephone at (800) 747-3924 or via
email at prospectus@pjc.com; or from Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate, One Montgomery Street,
Suite 3700, San Francisco, CA 94104, via telephone at (415) 364-2720 or via email at syndprospectus@stifel.com.
This press release shall not constitute
an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or 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 jurisdiction.
Forward-Looking Statements
This press release includes "forward-looking
statements" within the meaning of U.S. federal securities laws. You can identify forward-looking statements by the use of
words such as "may," "might," "will," "should," "expect," "plan," "anticipate,"
"could," "believe," "estimate," "project," "target," "predict," "intend,"
"future," "goals," "potential," "objective," "would" and other similar expressions.
Forward-looking statements involve risks and uncertainties, many of which are beyond OrthoPediatrics' control. Important
factors could cause actual results to differ materially from those in the forward-looking statements, including, among others,
the risks, uncertainties and factors set forth under "Risk Factors" in OrthoPediatrics' Annual Report on Form 10-K
filed with the SEC on March 15, 2018 and OrthoPediatrics' other filings with the SEC from time to time. Forward-looking statements
speak only as of the date they are made. OrthoPediatrics assumes no obligation to update forward-looking statements to reflect
actual results, subsequent events, or circumstances or other changes affecting such statements except to the extent required by
applicable securities laws.
Tram Bui / Emma Poalillo
(646) 536-7035 / 7024