Bionano Genomic announced the pricing of a public offering of an aggregate of 5,000,000 shares of the Company’s common stock, Series E warrants to purchase up to 5,000,000 shares of the Company’s common stock and short-term Series F warrants to purchase up to 5,000,000 shares of the Company’s common stock, at a combined public offering price of $2.00 per share and accompanying Series Warrants. The Series Warrants will have an exercise price of $2.00 per share and will be immediately exercisable upon issuance. The Series E warrants will expire on the five-year anniversary of the date of issuance. The short-term Series F warrants will expire on the eighteen-month anniversary of the date of issuance. The closing of the offering is expected to occur on or about September 17, 2025, subject to the satisfaction of customary closing conditions. H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering. The aggregate gross proceeds to the Company from the offering are expected to be approximately $10 million before deducting the placement agent’s fees and other offering expenses payable by the Company. The potential additional gross proceeds to the Company from the Series Warrants, if fully exercised on a cash basis, will be approximately $20 million. No assurance can be given that any of the Series Warrants will be exercised. The Company intends to use the net proceeds from this offering for working capital and general corporate purposes.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BNGO:
- Bionano Genomics issues book series related to OGM in chromoanagenesis research
- Bionano Genomics announces CMS posted preliminary payment determination for OGM
- Bionano Genomics files to sell 2.03M share of common stock
- Bionano Genomics’ Earnings Call: Cautious Optimism Amid Challenges
- BioNano Genomics: Strategic Shift and Growth in Consumables Drive Buy Rating