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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Thu., Oct. 23, 2:37 AM

Slide #2. Nanosphere Secondary Offering

Company: Nanosphere (NASDAQ:NSPH)
Date announced: 10/21/2014
Shares Offered: 40,000,000
Date of Pricing: 10/22/2014
Price Per Share: $0.50
Secondary Offering Details: Nanosphere, Inc. (the "Company" or "Nanosphere") (Nasdaq:NSPH), a company enhancing medicine through targeted molecular diagnostics, today announced that it has commenced an underwritten public offering of its common stock. Chardan Capital Markets, LLC is acting as the sole book-running manager for the offering. Nanosphere plans to use the net proceeds from the offering for general corporate purposes and working capital. - updated 10/22 - Nanosphere, Inc. (the "Company") (Nasdaq:NSPH), a leader in the development and commercialization of advanced molecular diagnostics systems, today announced the pricing of its previously announced underwritten public offering of 40,000,000 shares of its common stock at a public offering price of $0.50 per share. In connection with the offering, the Company has also granted the underwriters a 30-day option to purchase up to an additional 6,000,000 shares of common stock to cover over-allotments, if any. As part of the fee payable to the underwriters in connection with the offering, the Company will issue 400,000 shares of common stock to the underwriters, plus up to an additional 60,000 shares of common stock in the event that the underwriters exercise their over-allotment option. Chardan Capital Markets, LLC is acting as the sole book-running manager for the offering.

Nanosphere is engaged in the development, manufacture and marketing of a molecular diagnostics platform, the Verigene® System, which enables clinicians to identify and treat the bacteria and viruses responsible for certain infectious diseases. The Verigene System includes a molecular diagnostics workstation that is a platform for genomic and protein testing. The Verigene System is comprised of a microfluidics processor, a touchscreen reader and disposable test cartridges. Co. is focused on the infectious disease diagnostics market.
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Company Name:  Nanosphere Inc
Website:  www.nanosphere.us
Sector:  Biotechnology
Number of ETFs Holding NSPH:  1
Total Market Value Held by ETFs:  $73042
Total Market Capitalization:  $56.00M
% of Market Cap. Held by ETFs:  0.13%
 

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October 23, 2014    2:37 AM Eastern
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