Pacific Bio (PACB) Prices 19.43M Share Common Offering at $4.47/Sh

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Go back to Pacific Bio (PACB) Prices 19.43M Share Common Offering at $4.47/Sh

Pacific Biosciences of California, Inc. Announces Pricing of Public Offering of Common Stock

August 11, 2020 11:21 PM EDT

MENLO PARK, Calif., Aug. 11, 2020 (GLOBE NEWSWIRE) -- Pacific Biosciences of California, Inc. (Nasdaq: PACB) (Pacific Biosciences or the Company) today announced that it has priced its previously announced underwritten public offering of 19,430,000 shares of its common stock at a price to the public of $4.47 per share.  The offering is expected to close on or about August 14, 2020 subject to satisfaction of customary closing conditions.  Pacific Biosciences also granted the underwriters a 30-day option to purchase up to an additional 2,914,500 shares of its common stock at the public offering price, less underwriting discounts and commissions.  Before deducting... More