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Biote Announces Pricing of Secondary Offering of Common Stock
IRVING, Texas--(BUSINESS WIRE)-- biote Corp. (NASDAQ: BTMD) (“Biote” or the “Company”), a leading provider of preventive health care through the delivery of
About this update from Biote Corp.
[{"type":"text","content":" IRVING, Texas--(BUSINESS WIRE)--\nbiote Corp. (NASDAQ: BTMD) (“Biote” or the “Company”), a leading provider of preventive health care through the delivery of personalized hormone therapy, today announced the pricing of an underwritten offering of 5,217,392 shares of its Class A common stock by one its stockholders at a price of $5.35 per share. The selling stockholder has granted the underwriter a 30-day option to purchase an aggregate of not more than 782,608 additional shares of the Company’s Class A common stock on the same terms and conditions. The Company will not receive any of the proceeds from the sale of the shares offered by the selling stockholder.\n\n\nThe offering is expected to close on or about June 7, 2023, subject to the satisfaction of customary closing conditions. Roth Capital Partners acted as sole manager.\n\n\nA registration statement on Form S-1 relating to the shares being sold in this offering, including a prospectus, was initially filed with the U.S. Securities and Exchange Commission (the “SEC”) on June 17, 2022 and was declared effective on August 2, 2022, and was amended by Post-Effective Amendment No. 1, filed on April 6, 2023, which was declared effective on April 11, 2023 and is available, together with supplements and amendments thereto, for free on the SEC’s website located at http://www.sec.gov. Copies of the prospectus (including supplements and amendments thereto) and, when available, the final prospectus relating to the offering may be obtained from: Roth Capital Partners, LLC, Attn: Syndicate Department, 888 San Clemente Drive, Suite 400, Newport Beach, CA 92660, by telephone at (800) 678-9147 or by email at [email protected].\n\n\nThis press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.\n\n\nAbout Biote\n\n\nBiote is transforming healthy aging through innovative, personalized hormone optimization therapies delivered by Biote-certified medical providers. Biote trains practitioners how to identify and treat early indicators of hormone-related aging conditions, an underserved $7 billion global market, providing affordable sy...