Standard Biotools exchanges all outstanding Series B convertible preferred stock for common stock [Seeking Alpha]
Standard BioTools Inc. (LAB)
Company Research
Source: Seeking Alpha
to an agreement with stockholders affiliated with Viking Global Investors and Casdin Capital. Under the terms, Standard BioTools issued a total of ~93M shares of common stock in exchange for all of the Series B Preferred at an exchange price of $2.75/share. This exchange price resulted in the issuance of ~17.8M additional shares of common stock, as compared to the shares of common stock issuable under the Series B Preferred's stated $3.40/share conversion price. As a result, the Co. now has ~382.5M shares of common stock outstanding. "With our significant momentum and the progress underway, this transaction is another important step forward in our commitment to create sustainable, long-term stockholder value.” said Michael Egholm, President and CEO. Recommended For You More Trending News Recommended For You More Trending News About LAB Stock Related Stocks Trending Analysis Trending News
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News
- Standard BioTools Announces Operational Restructuring Plan to Drive Long-Term Profitable Growth [Yahoo! Finance]Yahoo! Finance
- Standard BioTools Announces Conference Call and Webcast for First Quarter 2024 Financial Results on May 8, 2024 [Yahoo! Finance]Yahoo! Finance
- Standard BioTools Announces Operational Restructuring Plan to Drive Long-Term Profitable GrowthGlobeNewswire
- Standard BioTools Announces Conference Call and Webcast for First Quarter 2024 Financial Results on May 8, 2024GlobeNewswire
- Standard BioTools Inc. (NASDAQ:LAB): Are Analysts Optimistic? [Yahoo! Finance]Yahoo! Finance
LAB
Earnings
- 2/28/24 - Miss
LAB
Sec Filings
- 4/26/24 - Form 10-K/A
- 4/25/24 - Form 8-K
- 4/9/24 - Form 4
- LAB's page on the SEC website