Aurora Spine offers $5M

December 24, 2013 by Chris Walker

Aurora Spine makes a private stock offering of $5 million in order to fund company activities.

Aurora Spine offering $5M

Aurora Spine Corp. announced that it made a private stock offering worth a potential $5 million.

The Carlsbad-Calif.-based medical device company priced shares within the context of the current market, planning to close the offering in January 2014.

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Aurora expects to put the earnings towards "manufacturing, sales and marketing of the company's ZIP & other FDA approved products and for general working capital purposes," according to a press release.

Aurora Spine announced its IPO in late August. The early-stage company issued nearly 5.2 million shares at a per-share price of 70¢. Aurora develops spinal implants, with a focus in minimally invasive, regenerative technologies for patients with degenerative disc disease.