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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Tue., Jul. 7, 11:20 AM

Slide #24. Organovo Holdings, Inc. Secondary Offering

Company: Organovo Holdings, Inc. (AMEX:ONVO)
Date announced: 6/17/2015
Shares Offered: 9,425,000
Date of Pricing: 6/18/2015
Price Per Share: $4.25
Secondary Offering Details: Organovo Holdings, Inc. (NYSE MKT: ONVO) ("Organovo") today announced that it has commenced an underwritten public offering of shares of its common stock. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. - updated 6/18 - Organovo Holdings, Inc. (NYSE MKT: ONVO) ("Organovo" or the "Company") today announced the sale of 9,425,000 shares of its common stock in an underwritten public offering at a price to the public of $4.25 per share. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 1,413,750 shares of common stock on the same terms and conditions. The gross offering proceeds to Organovo from the sale of the shares are expected to be $40,056,250, before deducting underwriting discounts and commissions and other estimated offering expenses and excluding any proceeds from the exercise of the underwriters' option. The offering is expected to close on or about June 23, 2015, subject to customary closing conditions.

Organovo Holdings is a development-stage company focused on developing and commercializing functional human tissues that can be employed in drug discovery and development, biological research, and as therapeutic implants for the treatment of damaged or degenerating tissues and organs. Co.'s platform technology is focused on multiple three dimensional (3D) bioprinting technologies, which Co. has utilized to develop its proprietary instrument platform, its NovoGen Bioprinters®. Co.'s 3D bioprinting technologies enable an array of tissue compositions and architectures to be developed, using combinations of cellular ‘bio-ink' (building blocks comprised of cells), and hydrogel.
Open the ONVO Page at The Online Investor »

Company Name:  Organovo Holdings Inc
Sector:  Biotechnology
Number of ETFs Holding ONVO:  15
Total Market Value Held by ETFs:  $24.89M
Total Market Capitalization:  $305.00M
% of Market Cap. Held by ETFs:  8.16%

Open the ONVO Page at The Online Investor (in a new window) »

July 7, 2015    11:20 AM Eastern
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Strong Buy (4.00 out of 4)
85th percentile
(ranked higher than approx. 85% of all stocks covered)
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