HeartWare announces $60M proceeds from stock sale

HeartWare announces $60M proceeds from stock sale

NEW YORK — Heart pump maker HeartWare International Inc. said Monday it grossed $60 million from a sale of 2.7 million shares of common stock.

The company, which is based in Framingham, Mass., said it offered the stock at $22 per share. The company didn’t say how much it earned after deducting expenses.

About 1.39 million of those shares are subject to shareholder approval. As a result, about $30.5 million of the proceeds will be placed in escrow until a shareholder meeting.

No meeting has been set yet. HeartWare said it will take place before Dec. 15.

HeartWare made its announcement after the market closed. Company stock gave up 48 cents to $24.57 in Monday trading.