BioMedNewsBreaks – Biocept Inc. (NASDAQ: BIOC) Releases Pricing on Public Offering
June 01, 2023 at 10:47 AM EDT
Biocept (NASDAQ: BIOC), a leading provider of molecular diagnostic assays, products and services, is reporting the pricing of its underwritten public offering. The offering is comprised of 1,176,470 shares of common stock (or prefunded warrants in lieu thereof) and warrants to purchase up to an aggregate of 2,352,940 shares of its common stock. The shares will be offered at a combined price of $4.25 per share (or prefunded warrant in lieu thereof), along with an accompanying warrant to purchase two shares of common stock. According to the announcement, each warrant will have an exercise price of $4.25 per share. The warrants will be exercisable immediately with an expiration date five years from when they are issued. The company noted that it anticipates the funds from the offering to total an estimated $5 million, which it plans to use for the advancement of the company’s FORESEE trial for CNSide along with working capital and general corporate purposes. The offering was scheduled to close on May 26, 2023, subject to customary closing conditions.
To view the full press release, visit https://ibn.fm/B72bI
About Biocept Inc.
Biocept is a molecular diagnostics company with commercialized assays for patients with carcinomas or melanomas. Experts have spent years working to change the way physicians look at cerebrospinal fluid (“CSF”) in cancer patients. Biocept has developed a unique, patented methodology to isolate cancer material that is shed from the primary tumor, such as CSF tumor cells (“CSF-TCs”) and cell-free DNA (“cfDNA”). As such, Biocept is a leading commercial provider of testing services designed to enable clinicians to rapidly detect and monitor cancer biomarkers from a cerebrospinal fluid sample. For more information, visit the company’s website at www.Biocept.com.
BioMedWire (BMW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) BioMedNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, BMW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. BMW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, BMW brings its clients unparalleled visibility, recognition and brand awareness. BMW is where news, content and information converge.
To receive SMS text alerts from BioMedWire, text “Biotech” to 844-397-5787 (U.S. Mobile Phones Only)
For more information please visit https://www.biomedwire.com
BioMedWire is part of the InvestorBrandNetwork