Genetic Technologies Announces Pricing of $8.0 Million Public Offering
Genetic Technologies Ltd - American Depositary Shares (GENE)
US:NASDAQ Investor Relations:
gtgcorporate.com/investor-centre
Company Research
Source: GlobeNewswire
MELBOURNE, Australia, May 26, 2020 (GLOBE NEWSWIRE) -- Genetic Technologies Limited (ASX: GTG; NASDAQ: GENE) (the “Company”), a leader in the development of genetic risk assessment tests, today announced that it has priced a public offering of 4,000,000 American Depositary Shares (“ADSs”) (or ADS equivalents), each representing six hundred (600) of the Company’s ordinary shares, at an effective purchase price of $2.00 per ADS (or ADS equivalent). The closing of the offering is expected to occur on or about May 28, 2020, subject to the satisfaction of customary closing conditions. H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering. The gross proceeds from this offering are expected to be $8.0 million, before deducting the placement agent’s fees and other offering expenses payable by the Company. The Company intends to use the net proceeds from this offering to support the introduction and distribution of our new products in the United States, for
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GENE
News
- GTG Global Collaborations and Innovation Update [Yahoo! Finance]Yahoo! Finance
- GTG Global Collaborations and Innovation UpdateGlobeNewswire
- GENE to develop Worlds Most Advanced Comprehensive Risk Test Revolutionising Personalised Healthcare [Yahoo! Finance]Yahoo! Finance
- GENE to develop Worlds Most Advanced Comprehensive Risk Test Revolutionising Personalised HealthcareGlobeNewswire
- One Genetic Technologies Insider Raised Stake By 20% In Previous Year [Yahoo! Finance]Yahoo! Finance
GENE
Sec Filings
- 3/26/24 - Form 6-K
- 3/25/24 - Form 6-K
- 3/22/24 - Form 6-K
- GENE's page on the SEC website