Alphatec Holdings, Inc. filed a $113.82 million shelf registration for an employee stock ownership plan.
The capital-raising measure follows a first-quarter 2026 revenue miss. The company also reduced its full-year 2026 financial outlook.
Investors are investigating Alphatec over lower-than-expected product deliveries and unfulfilled unit orders. A new syndicated credit facility provides additional financial flexibility alongside the shelf registration.
These moves occur amid heightened scrutiny regarding the company’s execution and the transparency of its public statements.