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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Mon., Mar. 2, 6:12 AM

Slide #3. Transgenomic Secondary Offering

Company: Transgenomic (NASDAQ:TBIO)
Date announced: 2/26/2015
Shares Offered: 3,573,899
Date of Pricing: 2/27/2015
Price Per Share: $1.73
Secondary Offering Details: Transgenomic, Inc. (NASDAQ:TBIO) today announced that it intends to offer shares of the company's common stock and corresponding warrants to purchase shares of the company's common stock in an underwritten public offering. Craig-Hallum Capital Group LLC is acting as the sole managing underwriter of the offering. - updated 2/27 - Transgenomic, Inc. (NASDAQ:TBIO) today announced the pricing of an underwritten public offering of 3,573,899 shares of the company's common stock and corresponding warrants to purchase 714,780 shares of the company's common stock. After the underwriting discount and estimated offering expenses payable by the company, Transgenomic expects to receive net proceeds of approximately $6.2 million. The offering is expected to close on or about March 4, 2015, subject to customary closing conditions.

Transgenomic is a biotechnology company. Co. has three segments: clinical laboratories, which is engaged in genetic testing for cardiology, neurology, mitochondrial disorders, and oncology; pharmacogenomics services, which focuses on pharmacogenomic, biomarker and mutation discovery research serving the pharmaceutical and biomedical industries for disease research, drug and diagnostic development and clinical trial support; and diagnostic tools, which includes its WAVE® System for genetic variation detection in both molecular genetic research and molecular diagnostics, the distribution of bioinstruments produced by other manufacturers, and consumable products such as SURVEYOR® Nuclease.
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Company Name:  Transgenomic Inc
Sector:  Biotechnology

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March 2, 2015    6:12 AM Eastern
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