Craig-Hallum helps fund general corporate purposes, working capital
By Devika Patel
Knoxville, Tenn., May 8 - Nanosphere, Inc. priced a $5 million public sale of stock in a prospectus supplement filed Wednesday with the Securities and Exchange Commission.
The company will sell 1,923,077 common shares at $2.60 apiece. The per-share purchase price is identical to the closing share price on May 7.
Craig-Hallum Capital Group is the sole bookrunner.
Settlement is expected May 13.
Proceeds will be used for general corporate purposes and working capital.
The Northbrook, Ill.-based company develops and commercializes advanced molecular diagnostics systems.
| Issuer: | Nanosphere, Inc.
|
| Issue: | Common stock
|
| Amount: | $5 million
|
| Shares: | 1,923,077
|
| Price: | $2.60
|
| Warrants: | No
|
| Bookrunner: | Craig-Hallum Capital Group
|
| Pricing date: | May 8
|
| Settlement date: | May 13
|
| Stock symbol: | Nasdaq: NSPH
|
| Stock price: | $2.60 at close May 7
|
| Market capitalization: | $139.48 million
|
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