Sientra Announces Proposed Public Offering
SANTA BARBARA, Calif., Oct. 18, 2022 (GLOBE NEWSWIRE) — Sientra, Inc. (NASDAQ:SIEN) (“Sientra” or the “Company”), a medical aesthetics company focused on enhancing lives by advancing the art of plastic surgery, today announced that it intends to offer and sell in an underwritten public offering, subject to market and other conditions, shares of common stock (or common stock equivalents). Each share of common stock (or common stock equivalent) will be sold with a warrant to purchase one share of the Company’s common stock. The Company expects to grant the underwriter a 30-day option to purchase additional shares of common stock and/or additional common stock purchase warrants at the public offering price, less underwriting discounts and commissions. All of the securities in the offering are to be offered by the Company. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Sientra intends to use any net proceeds received from this offering for general working capital purposes.