Nanosphere Inc. (NSPH) announced the pricing of its underwritten public offering of 10.50 million shares of its common stock at a public offering price of $2.40 per share.
In connection with the offering, the company has also granted the underwriters a 30-day option to purchase up to an additional 1.58 million shares of common stock to cover over-allotments, if any.
Piper Jaffray & Co. is acting as the sole book-running manager and Roth Capital Partners is acting as co-manager for the offering.
Net proceeds from the sale of the shares after underwriting discounts and commissions and other offering expenses are expected to be approximately $23.4 million. If the underwriters exercise their over-allotment option in full, net proceeds from the offering will be approximately $26.9 million.
The offering is subject to customary closing conditions and is expected to close on Tuesday, July 24, 2012.
The company said it plans to use the net proceeds from the offering for general corporate purposes and working capital.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.