Investment Banking Transactions

	Date	Client	Type	Sub-Type	Amt.	Logo	Sector/Sub-Sector	Description	Tombstone Description	PSC Role
Published	02/13/2023	National Spine & Pain Centers	Restructuring	Creditor Advisory	$300.0 Million	Image	Healthcare, Healthcare Services	Piper Sandler served as financial advisor for the steering group of first lien lenders of National Spine & Pain Centers, a portfolio company of Avista Capital Partners, on an out of court recapitalization	Creditor Advisory	Financial Advisor
Published	02/08/2023	Xponential Fitness	Financing, Equity Capital Markets	Confidentially Marketed Follow-On Offering	$140.9 Million	Image	Consumer, Health & Wellness Services	Piper Sandler served as bookrunner for Xponential Fitness, Inc. on a confidentially marketed follow on offering	Confidentially Marketed Follow-On Offering	Passive Bookrunner
Published	02/08/2023	ProFrac Holding Corp.	Mergers & Acquisitions	Buy-Side	$475.0 Million	Image $profrac$ Image	Energy & Power, Oilfield Services & Equipment	Piper Sandler served as buy-side advisor for ProFrac Holding Corp. on acquisition of Performance Proppants		Financial Advisor
Published	02/08/2023	Collegium Pharmaceutical, Inc.	Financing, Equity Capital Markets	Convertible Offering	$241.5 Million	Image	Healthcare, Biopharma	Piper Sandler served as lead manager for Collegium Pharmaceutical, Inc. on a convertible offering	Convertible Offering	Sole Manager
Published	02/04/2023	Project Peach	Private Capital Advisory, Capital Solutions	Capital Solutions	$50.5 Million		Private Capital Advisory	Piper Sandler raised promoted equity for middle market sponsor in connection with their acquisition & combination of an environmental services business	Promoted Equity	Financial Advisor
Published	02/02/2023	Ellington Financial Inc	Financing, Equity Capital Markets	Preferred Stock	$100.0 Million	Image	Financial Services, Real Estate	Piper Sandler served as sole bookrunner for Ellington Financial Inc. on an 8.625% Series C fixed-rate reset cumulative redeemable preferred stock offering	Preferred Stock Offering	Left Bookrunner
Published	02/01/2023	Curi Holdings, Inc.	Mergers & Acquisitions	Merger		Image Image	Financial Services, Insurance	Piper Sandler served as sell-side advisor for Curi Holdings, Inc. on announced merger with Constellation, Inc.	Curi Holdings, Inc. has agreed to merge with Constellation, Inc.	Financial Advisor
Published	02/01/2023	Greenslate LLC	Mergers & Acquisitions	Sell-Side		Image Image	Technology, Software	Piper Sandler served as financial advisor for Francisco Parnters on a growth investment in Greenslate LLC	Francisco Partners provided a growth investmnet in Greenslate LLC	Financial Advisor
Published	01/31/2023	Integer Holdings Corporation	Financing, Equity Capital Markets	Convertible Offering	$500.0 Million	Image	Healthcare, Med-Tech	Piper Sandler served as bookrunner for Integer Holdings Corporation on an unsecured convertible notes offering	Convertible Debt Offering	Passive Bookrunner
Published	01/31/2023	University Bank	Financing, Debt Capital Markets - Depositories, Real Estate & Financial Services	Subordinated Notes	$9.0 Million	Image	Financial Services, Depositories	Piper Sandler served as joint placement agent for University Bancorp, Inc. on a subordinated notes offering	Subordinated Notes	Joint Placement Agent
Published	01/31/2023	SJL Partners	Mergers & Acquisitions	Buy-Side	$1.5 Billion	Image Image Image	Chemicals, Healthcare, Tools & Diagnostics	Piper Sandler served as buy-side advisor for SD Biosensor and SJL Partners on acquisition of Meridian Bioscience	SD Biosensor and SJL Partners have acquired Meridian Bioscience	Financial Advisor
Published	01/30/2023	Clearsense	Financing, Equity Private Placements	Minority Capital Raise	$50.0 Million	Image Image Image Image	Healthcare, Information-Driven Healthcare	Piper Sandler served as sole equity placement agent for Clearsense on an equity capital raise led by HealthQuest Capital with an additional investment from Health Catalyst Capital and UPMC	Minority Capital Raise	Sole Placement Agent
Published	01/26/2023	Orchestra BioMed, Inc.	Mergers & Acquisitions, Financing, Equity Capital Markets	Advisory	$180.0 Million	Image Image	Healthcare, Med-Tech	Piper Sandler served as capital markets advsior for Orchestra BioMed, Inc. on business combination with Health Sciences Acquisitions Corporation 2; joint lead placement agent on a Series D financing; and financial advisor on the strategic collaboration with Medtronic	Orchestra BioMed, Inc. has merged with Health Sciences Acquisitions Corporation 2	Financial Advisor
Published	01/25/2023	Pliant Therapeutics, Inc.	Financing, Equity Capital Markets	Follow-On Offering	$287.5 Million	Image	Healthcare, Biopharma	Piper Sandler served as bookrunner for Pliant Therapeutics, Inc. on a follow-on offering	Follow-On Offering	Active Bookrunner
Published	01/25/2023	Paragon 28, Inc.	Financing, Equity Capital Markets	CMFO	$110.5 Million	Image	Healthcare, Med-Tech	Piper Sandler served as bookrunner for Paragon 28, Inc. on a confidentially marketed follow on offering	Confidentially Marketed Follow-On Offering	Active Bookrunner
Published	01/23/2023	CymaBay Therapeutics, Inc.	Financing, Equity Capital Markets	CMFO	$97.7 Million	Image	Healthcare, Biopharma	Piper Sandler served as left bookrunner for Cymabay Therapeutics, Inc. on a confidentially marketed follow-on offering	Confidentially Marketed Follow-On Offering	Left Bookrunner
Published	01/17/2023	SeaSpine Holdings Corporation	Mergers & Acquisitions	Merger	$862.0 Million	Image Image	Healthcare, Med-Tech	Piper Sandler served as financial advisor for SeaSpine Holdings Corporation on a merger of equals with Orthofix Medical Inc.	SeaSpine Holdings Corporation has merged with Orthofix Medical Inc.	Financial Advisor
Published	01/17/2023	Fulcrum Therapeutics, Inc.	Financing, Equity Capital Markets	CMFO	$125.0 Million	Image	Healthcare, Biopharma	Piper Sandler served as bookrunner for Fulcrum Therapeutics, Inc. on a confidentially marketed follow-on offering	Confidentially Marketed Follow-On Offering	Active Bookrunner
Published	01/13/2023	Skyward Specialty Insurance	Financing, Equity Capital Markets	IPO	$154.4 Million	Image	Financial Services, Insurance	Piper Sandler served as bookrunner for Skyward Specialty Insurance Group, Inc. on an initial public offering	Initial Public Offering	Passive Bookrunner
Published	01/12/2023	Simeio Solutions LLC	Mergers & Acquisitions	Buy-Side		Image Image Image	Technology, Security	Piper Sandler served as buy-side advisor for Simeio Solutions LLC on acquisition of PathMaker Group L.P.	Simeio Solutions LLC has acquired PathMaker Group L.P.	Financial Advisor