NanoString Technologies Announces Closing of Public Offering of 3,450,000 Shares of Common Stock Including Exercise in Full o...
June 06 2017 - 4:00PM
NanoString Technologies, Inc. (NASDAQ:NSTG), a provider of life
science tools for translational research and molecular diagnostic
products, today announced the closing of its previously announced
underwritten public offering of 3,450,000 shares of its common
stock at a price of $16.75 per share, which includes the exercise
in full by the underwriter of its option to purchase an additional
450,000 shares of NanoString’s common stock, pursuant to
NanoString’s existing shelf registration statement. Net proceeds
from the offering were approximately $56.5 million. NanoString
intends to use the net proceeds of the offering for general
corporate purposes and working capital.
Robert W. Baird & Co. Incorporated served as
sole underwriter for the offering.
A shelf registration statement on Form S-3
relating to the common stock offered in the public offering
described above was filed with the Securities and Exchange
Commission (SEC) on August 29, 2014 and declared effective by the
SEC on September 10, 2014. The offering was made only by
means of a written prospectus and prospectus supplement that form a
part of the registration statement. A final prospectus
supplement and accompanying prospectus relating to the offering
have been filed with the SEC and are available on the SEC’s website
at www.sec.gov. Copies of the final prospectus supplement and the
accompanying prospectus may also be obtained by contacting Robert
W. Baird & Co. Incorporated, Attn: Syndicate Department, 777
East Wisconsin Avenue, Milwaukee, Wisconsin 53202, Telephone: (800)
792-2473, Email: syndicate@rwbaird.com.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy the securities being
offered, nor shall there be any sale of the securities being
offered in any state or other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state or other
jurisdiction.
Contact
Douglas Farrell
Vice President, Investor Relations & Corporate Communications
dfarrell@nanostring.com
Phone: 206-602-1768
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