Cytori Therapeutics plans public stock offering
SAN DIEGO (AP) — Cytori Therapeutics Inc. said Thursday it is planning a public sale of stock, although it did not disclose the price, size, or timing of the offering.
Cytori said the company will sell all the shares. The underwriters of the offering will have an option to buy additional shares — up to 15 percent of the size of the initial offering — to cover any overallotments.
The company had 58.8 million shares on the market as of Oct. 31. Shares of Cytori Therapeutics fell 5.1 percent to $3.32 on Thursday. The stock has traded between $1.90 and $4.93 over the last year.