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Tandem Diabetes Care®, Inc. (NASDAQ: TNDM), a medical accessory aggregation and architect of the alone touchscreen insulin pumps accessible in the United States, today appear the appraisement of an underwritten accessible alms of (i) 4,630,000 shares of its accepted stock, (ii) Series A warrants to acquirement 4,630,000 shares of its accepted banal and (iii) Series B warrants to acquirement 4,630,000 shares of its accepted stock, for gross gain of about $16.2 million, at a accessible alms amount of $3.50 per allotment and accompanying warrants. The Series A warrants accept an exercise amount of $3.50 per share, are anon exercisable and will expire on the fifth ceremony of the date of issuance. The Series B warrants accept an exercise amount of $3.50 per share, are anon exercisable and will expire on the six-month ceremony of the date of issuance. The shares of accepted banal and the warrants will be anon adaptable and will be issued separately. All of the shares of accepted banal and warrants to be awash in the alms are actuality offered by Tandem.
Tandem intends to use the net gain from the proposed alms for alive basic and added accepted accumulated purposes. The alms is accepted to abutting on or about October 17, 2017, accountable to accepted closing conditions.
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