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Stockreport

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

PACIFIC BIOSCIENCES (PACB)  More Company Research Source: GlobeNewswire
Last pacific biosciences earnings: 5/2 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.pacificbiosciences.com
PDF MENLO PARK, Calif., June 15, 2017 (GLOBE NEWSWIRE) -- Pacific Biosciences of California, Inc. (NASDAQ:PACB) (the “Company”) today announced that it has priced its previously announced underwritten public offering of 15,419,354 shares of its common stock at a price to the public of $3.10 per share.  The offering is expected to close on or about June 20, 2017 subject to satisfaction of customary closing conditions.  Pacific Biosciences also granted the underwriters a 30-day option to purchase up to an additional 2,312,903 shares of its common stock.  After deducting the underwriting discount and estimated offering expenses payable by the Company, the Company expects to receive net proceeds of approximately $45.9 million, assuming no exercise of the underwriter’s option to purchase additional shares. Cantor Fitzgerald & Co. is acting as the sole book-running manager for the offering. Pacific Biosciences intends to use the net proceeds from the offering for general corporate purposes, [Read more]

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