02:15 PM EDT, 04/01/2024 (MT Newswires) -- Xtant Medical Holdings ( XTNT ) shares fell almost 12% in recent Monday trading after the company filed a registration statement with the US Securities and Exchange Commission covering the potential sale of up to $150 million of its securities from time to time in one or more offerings.

The filing covers common stock, preferred stock, warrants, and units.

The shelf registration statement also covers a potential sale by certain stockholders affiliated with OrbiMed Advisors of up to 18.2 million shares of the company's common stock.

Net proceeds will be used for working capital and general corporate purposes, the company said, adding that it will not get any proceeds from the sale of our securities owned by the selling stockholders.

Price: 1.03, Change: -0.14, Percent Change: -11.96