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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Fri., Jul. 29, 1:57 AM

Slide #11. Chembio Diagnostics, Inc. Secondary Offering

Company: Chembio Diagnostics, Inc. (NASDAQ:CEMI)
Date announced: 7/25/2016
Secondary Offering Details: Chembio Diagnostics, Inc. (NASDAQ:CEMI) (the "Company") today announced that it has commenced an underwritten public offering of $10.0 million of common shares (the "Offering"). In addition, the Company intends to grant the underwriters a 30-day option to purchase additional shares equal to up to 15% of the aggregate number of shares to be sold in the Offering to cover over-allotments, if any.

Chembio Diagnostics develops, manufactures, markets and licenses point-of-care diagnostic tests that detect infectious diseases. Co.'s main products are four tests for the detection of human immunodeficiency virus (HIV) antibodies. Three of these products can be used with various blood matrices as samples, and are manufactured in a cassette format, a dipstick format, and a barrel format. Co.'s fourth rapid HIV test detects antibodies to HIV in oral fluid samples, as well as in various blood matrices. Co. also has two tests for the detection of syphilis, and a test for the detection of canine leishmaniasis.
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Company Name:  Chembio Diagnostics Inc
Website:  www.chembio.com
Sector:  Medical Instruments & Supplies
Number of ETFs Holding CEMI:  2
Total Market Value Held by ETFs:  $196712
Total Market Capitalization:  $62.00M
% of Market Cap. Held by ETFs:  0.32%
 

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July 29, 2016    1:57 AM Eastern
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Strong Buy (4.00 out of 4)
98th percentile
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