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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sun., Aug. 2, 12:19 PM

Slide #17. Cryoport, Inc. Secondary Offering

Company: Cryoport, Inc. (NASDAQ:CYRX)
Date announced: 7/24/2015
Shares Offered: 2,000,000
Date of Pricing: 7/24/2015
Price Per Share: $3.25
Secondary Offering Details: Cryoport, Inc. (NASDAQ: CYRX, CYRXW) ("Cryoport" or the "Company"), the leading provider of advanced cryogenic logistics solutions for the life sciences industry, serving markets including immunotherapies, stem cells, cell lines, clinical research organizations, vaccine manufacturers, animal health, and reproductive medicine, today announced the pricing of an underwritten public offering of 2,000,000 units at an offering price of $3.25 per unit, with each unit consisting of one share of common stock and one warrant to purchase one share of common stock. The common stock and the warrants are immediately separable, and will trade on The Nasdaq Capital Market under the symbols CYRX, and CYRXW, respectively. The warrants will have a per share exercise price of $3.57, are exercisable immediately and will expire five years from the date of issuance. Gross proceeds to Cryoport from this offering are approximately $6,500,000 before deducting underwriting discounts and commissions and other estimated offering expenses payable by Cryoport. Cryoport has granted the underwriters a 45-day option to purchase up to an additional 300,000 units to cover over-allotments, if any. The offering is expected to close on July 29, 2015, subject to customary closing conditions.

Cryoport provides frozen shipping logistics solutions to the life sciences industry. Co. provides its solutions to manufacturers of stem cells and cell lines, diagnostic laboratories, bio-pharmaceuticals, contract research organizations, in-vitro fertilization, cord blood, vaccines, tissue, animal husbandry, and producers of commodities requiring frozen solutions for logistics. Co.'s Cryoport Express® Solutions include cloud-based logistics management software known as the Cryoportal™ that supports the management of the overall shipment process, including initial order input, document preparation, customs clearance, courier management, shipment tracking, issue resolution, and delivery.
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Company Name:  CryoPort Inc
Sector:  Manufacturing

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August 2, 2015    12:19 PM Eastern
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