Skyline Medical to offer 1,428,571 units through public offering

Aegis is bookrunner; deal has a greenshoe of 214,286 additional units

By Devika Patel

Knoxville, Tenn., Dec. 16 – Skyline Medical Inc. will price a public sale of 1,428,571 units with a 45-day greenshoe of 214,286 additional units, according to an S-1/A filed Tuesday with the Securities and Exchange Commission. The deal was announced Sept. 26.

The units each consist of one common share and one warrant. The warrants will be exercisable at 125% of the per-unit price for five years.

Aegis Capital Corp. is the bookrunner.

Proceeds will be used to build and maintain inventory, to construct tooling, for research and development, for sales and marketing and for operating and administrative expenses.

The medical device company is based in Eagan, Minn.

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