Bionano Genomics (NASDAQ: BNGO), a genome analysis company that provides tools and services based on its Saphyr(R) system to scientists and clinicians conducting genetic research and patient testing, has closed an underwritten public offering of 54,546,000 shares of its common stock (or pre-funded warrants to purchase common stock in lieu thereof) and common warrants to purchase up to an aggregate of 54,546,000 shares of common stock. The resulting gross proceeds to Bionano from the offering, not including any proceeds that may be received upon exercise of the common warrants, total roughly $18 million. Bionano plans to utilize the proceeds toward general corporate purposes, including working capital, sales and marketing activities, general and administrative matters and capital expenditures. ROTH Capital Partners acted as lead manager for the offering.
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About Bionano Genomics
Bionano is a genome analysis company that provides tools and services based on its Saphyr(R) system to scientists and clinicians conducting genetic research and patient testing. The company developed the Saphyr system, a platform for ultra-sensitive and ultra-specific structural variation detection, that enables researchers and clinicians to accelerate the search for new diagnostics and therapeutic targets and to streamline the evaluation of changes in chromosomes, which is known as cytogenetics. The company’s commercial offering includes the Saphyr system, which is comprised of an instrument, chip consumables, reagents and a suite of data analysis tools, and genome analysis services to provide access to data generated by the Saphyr system for researchers who prefer not to adopt the Saphyr system in their labs. The company is located in San Diego, California. For more information, visit the company’s website at https://bionanogenomics.com.
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