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Medical device company Mako Surgical readies a public offering of nearly 500,000 shares worth nearly $7 million to help commercialize its Rio surgical robot.

MassDevice.com Wall Street Beat

Mako Surgical (NSDQ:MAKO) said it's planning to sell some 490,000 shares of its own stock in an offering worth about $7 million.

The Fort Lauderdale-based medical device company, which makes the Rio surgical robot for spine surgeries, said it plans to use the proceeds for "commercialization infrastructure" and to cover other corporate expenses.

Piper Jaffray & Co. is managing the offering, according to a press release.

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