Quotient (QTNT) Prices 17.647M Upsized Common Offering at $4.25/Sh

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Go back to Quotient (QTNT) Prices 17.647M Upsized Common Offering at $4.25/Sh

Quotient Limited Announces Upsize and Pricing of Underwritten Offering of Ordinary Shares

September 10, 2020 8:43 PM EDT

JERSEY, Channel Islands, Sept. 10, 2020 (GLOBE NEWSWIRE) -- Quotient Limited (NASDAQ: QTNT) (the Company), a commercial-stage diagnostics company, today announced the upsize and pricing of a $75 million underwritten public offering.  The Company is offering 17,647,059 ordinary shares at a price to the public of $4.25 per share. The offering was upsized from the previously announced offering of $60 million.  The net proceeds to the Company from this offering are expected to be approximately $69.9 million, after deducting underwriting discounts and commissions and other estimated offering expenses payable by the Company. All of the ordinary shares sold in the... More