Full Press Release Details
Therapeutics Announces Closing of Initial Public Offering and Exercise in Full of the Underwriters' Option to Purchase Additional
RANCH, Colo., Dec. 15, 2020 - Vivos Therapeutics, Inc. ("Vivos") today announced the closing of its initial
public offering of 4,025,000 shares of its common stock. The offering consisted of 3,500,000 shares of its common stock, as well
as an additional 525,000 shares pursuant to the exercise in full of the underwriters' option to purchase additional shares
of common stock, at a public offering price of $6.00 per share. Vivos' common stock is listed on the Nasdaq Capital Market
under the ticker symbol "VVOS."
aggregate gross proceeds to Vivos from the public offering was $24.15 million prior to deducting underwriting discounts, commissions
and other estimated offering expenses.
Capital Partners acted as sole book-running manager and representative of the underwriters for the offering. Craig-Hallum Capital
Group and National Securities Corporation, a wholly owned subsidiary of National Holdings Corporation (NasdaqCM:NHLD) acted as
co-managers of the offering.
Securities and Exchange Commission declared effective a registration statement on Form S-1 relating to these securities on December
10, 2020. A final prospectus relating to this offering was filed with the Securities and Exchange Commission on December 14, 2020.
The offering was made only by means of a prospectus, copies of which may be obtained by emailing Roth Capital Partners, 888 San
Clemente Drive, Newport Beach, CA 92660, Attn: Prospectus Department, telephone: 800-678-9147, or email at rothecm@roth.com;
National Securities Corporation, 200 Vesey Street, 25th Floor, New York, NY 10281, telephone: (212) 417-3634 or by sending an
e-mail to: prospectusrequest@nationalsecurities.com; or Craig-Hallum Capital Group LLC, 222 South Ninth Street, Suite 350,
Minneapolis, MN 55402, Attn: Equity Capital Markets, telephone: 612-334-6300 or by email at prospectus@chlm.com. Investors
may also obtain these documents at no cost by visiting the Securities and Exchange Commission's website at http://www.sec.gov.
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.
Vivos Therapeutics, Inc.
Therapeutics Inc. is a medical technology company focused on the development and commercialization of a highly differentiated
technology offering a clinically effective non-surgical, non-invasive, non-pharmaceutical, and low-cost solution for patients
with sleep disordered breathing (SDB), including mild-to-moderate obstructive sleep apnea (OSA). We believe our products and technology
represent a significant improvement in the treatment of mild-to-moderate OSA versus other treatments such as continuous positive
airway pressure (or CPAP). For more information visit www.vivoslife.com.
Kasunich / Jenny Robles
Strategic Communications
896-1241 / (917) 420-1444