Quotient Limited Announces Closing of Underwritten Offering of Ordinary Shares
Quotient Limited - Ordinary Shares (QTNT)
Last quotient limited - ordinary shares earnings: 1/30 06:00 am
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US:NASDAQ Investor Relations:
investors.quotientbd.com/investor-relations
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Source: GlobeNewswire
JERSEY, Channel Islands, Dec. 11, 2018 (GLOBE NEWSWIRE) -- Quotient Limited (NASDAQ:QTNT) (the Company), a commercial-stage diagnostics company, today announced the closing of its previously announced underwritten public offering of 10,615,385 ordinary shares at a price to the public of $6.50 per share, which includes the exercise in full by the underwriters of their option to purchase up to 1,384,615 additional ordinary shares. The net proceeds to the Company from this offering were approximately $64.6 million, after deducting underwriting discounts and commissions and other estimated offering expenses payable by the Company. The Company intends to use the net proceeds of the offering primarily to fund the ongoing scale up and, if approved, commercialization of MosaiQ and for working capital and other general corporate purposes. Jefferies LLC and Cowen and Company, LLC acted as joint book-running managers for the offering. A shelf registration statement on Form S-3 relating to t
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