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news.Hansen Medical has closed its previously announced underwritten public offering of 11.69 million shares of its common stock. The net proceeds from the offering, after underwriting discounts and commissions and estimated offering expenses, are approximately $35.1 million.
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Piper Jaffray & Co was the sole manager of the offering. The company intends to use the net proceeds to support commercialization, sales, marketing and general administrative activities, for research and product development activities, for capital equipment and to fund working capital and other general corporate purposes.
Hansen Medical, based in Mountain View, California, develops products and technology using robotics for the positioning, manipulation and control of catheters and catheter-based technologies.