Cerus greenshoe exercised, raising equity issue to $45.3 million

By Lisa Kerner

Erie, Pa., March 30 - Cerus Corp. said the underwriters of its follow-on equity offering exercised the 675,000 share over-allotment option in full, raising the size of the deal to $45.3 million.

Cerus originally fixed the terms of its offering at 4.5 million shares of common stock at $11.56 per share on Feb. 27.

Net proceeds to Cerus from the offering were $42.6 million.

Bookrunner and co-lead manager for the Rule 144A deal was Robert W. Baird & Co. Inc., and JMP Securities LLC acted as co-lead manager.

Concord, Calif.-based Cerus is focused on systems to enhance the safety of blood supplies.

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