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Press Release: Inspire Medical Systems, Inc. Announces Pricing of Offering of Common Stock


MINNEAPOLIS, Dec. 06, 2018 (GLOBE NEWSWIRE) -- Inspire Medical Systems, Inc. (NYSE: INSP) (“Inspire”), a medical technology company focused on the development and commercialization of innovative and minimally invasive solutions for patients with obstructive sleep apnea, announced today the pricing of the previously announced offering of 2,500,000 shares of its common stock, consisting of 1,500,000 shares offered by Inspire and 1,000,000 shares offered by certain stockholders of Inspire (the “Selling Stockholders”), at a public offering price of $40.00 per share, before underwriting discounts and commissions. In addition, Inspire has granted the underwriters a 30-day option to purchase up to an additional 375,000 shares of its common stock at the public offering price, less underwriting discounts and commissions. Inspire will not receive any proceeds from the sale of common stock by the Selling Stockholders. The offering is expected to close on December 11, 2018, subject to customary closing conditions.
BofA Merrill Lynch, Leerink Partners and Wells Fargo Securities are acting as joint book-running managers for the offering. Guggenheim Securities and Stifel are acting as lead managers for the offering.A registration statement relating to these securities has been filed and was declared effective by the Securities and Exchange Commission. The offering is being made only by means of a prospectus. Copies of the final prospectus relating to this offering may be obtained, when available, by contacting: BofA Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attention: Prospectus Department , or via email: This email address is being protected from spambots. You need JavaScript enabled to view it.; from Leerink Partners, Attention: Syndicate Department, One Federal Street, 37th Floor, Boston, MA 02110, or by emailing This email address is being protected from spambots. You need JavaScript enabled to view it. or calling 1-800-808-7525, ext. 6132; and from Wells Fargo Securities, 375 Park Avenue, 4th Floor, New York, NY 10152, Attention: Equity Syndicate Department, or by emailing This email address is being protected from spambots. You need JavaScript enabled to view it. or calling (800) 326-5897.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.About Inspire Medical SystemsInspire is a medical technology company focused on the development and commercialization of innovative and minimally invasive solutions for patients with obstructive sleep apnea. Inspire’s proprie...


Posted: 2018-12-07 02:57:00

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