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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sun., Feb. 14, 5:02 AM

Slide #4. Quotient Limited Secondary Offering

Company: Quotient Limited (NASDAQ:QTNT)
Date announced: 2/3/2016
Shares Offered: 4,444,445
Date of Pricing: 2/4/2016
Price Per Share: $9.00
Secondary Offering Details: Quotient Limited (NASDAQ:QTNT), a commercial-stage diagnostics company, today announced that it intends to commence an underwritten public offering of $40 million of its ordinary shares. Quotient has also granted the underwriter a 30-day option to purchase up to an additional $6 million of its ordinary shares. -updated 2/4- Quotient Limited (NASDAQ:QTNT), a commercial-stage diagnostics company, today announced the pricing of an underwritten public offering of 4,444,445 of its ordinary shares at a price to the public of $9.00 per share. The net proceeds to Quotient from this offering are expected to be $36.9 million, after deducting underwriting discounts and commissions and other estimated offering expenses payable by Quotient. Quotient has also granted the underwriter a 30-day option to purchase up to an additional 666,666 of its ordinary shares. The offering is expected to close on or about February 10, 2016, subject to customary closing conditions.

Quotient is a commercial-stage diagnostics company. Co.'s principal activity is the development, manufacture and sale of products for the transfusion diagnostics market. Products manufactured by Co. are sold to hospitals, blood banking operations and other diagnostics companies worldwide. Co. is developing MosaiQ™ to simultaneously characterize donor and patient blood; and serologically screen donor blood for specific viruses. Co.'s reagent products are used to identify blood-group antigens and antibodies in donor and patient blood and to perform daily quality assurance testing. Co. also undertakes product development projects for its original equipment manufacturers customers.
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Company Name:  Quotient Ltd
Website:  www.quotientbd.com
Sector:  Medical Instruments & Supplies
 

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February 14, 2016    5:02 AM Eastern
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