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Cryoport could price public sale of 1,953,125 units at $7.68 per unit
Bookrunner Aegis Capital, co-manager Feltl will assist with offering
By Devika Patel
Knoxville, Tenn., June 22 – Cryoport, Inc. will sell 1,953,125 units in a public offering with a 45-day greenshoe of 292,969 additional units, according to a Form S-1/A filed Monday with the Securities and Exchange Commission. The company has registered up to $36,225,000 of shares for the deal, which includes stock underlying warrants.
The units of one common share and one warrant will each be sold at an expected price of $7.68 per unit. The warrants will be exercisable at 110% of the per-unit price.
Aegis Capital Corp. is the bookrunner and Feltl and Co., Inc. is the co-manager.
Proceeds will be used for working capital.
Based in Lake Forest, Calif., Cryoport provides packaging for temperature-sensitive biological materials.
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