Nanosphere plans public stock offer via Piper Jaffray as bookrunner

Company seeks funding for general corporate purposes, working capital

By Susanna Moon

Chicago, May 9 - Nanosphere, Inc. plans to offer common shares in a public offering through Piper Jaffray & Co. as bookrunner and Roth Capital Partners, LLC as co-manager, according to a 424B2 filing with the Securities and Exchange Commission.

Proceeds will be used for general corporate purposes and working capital.

Settlement is expected in May.

Nanosphere's stock (Nasdaq: NSPH) closed at $2.87 on May 6.

The Northbrook, Ill.-based company develops and commercializes advanced molecular diagnostics systems.

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