GAINSVILLE, Fla.—Exactech Inc., which makes bone and joint restorations products, said Friday it will sell 877,391 shares at $23 each.
The company expects to raise $20.2 million from the sale, or $18.8 million after expenses and placement agency fees.
The offering is expected to close on or before May 14 and the company expects to use some of the proceeds to pay debt and use the remainder for general corporate purposes.
Exactech shares closed at $25.79 Thursday. They fell $1.29, or 5 percent, to $24.50 in premarket trading Friday.
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