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Quotient sells $39mm through private placement of shares and warrants

Executive Summary

Diagnostics firm Quotient Ltd. grossed $39mm through the private sale of 7.86mm ordinary shares at $4.64 (a 3% discount), and 500k pre-funded warrants (exercisable for 550k shares) at $4.755 per warrant. Buyers also received warrants to purchase 8.4mm more ordinary shares at an exercise price of $5.80. Investors included Perceptive Life Sciences, Highbridge Capital Management, Polar Capital, Cormorant, Sio Capital, Galen Partners, and individual backers. Proceeds will support work on the company's transfusion diagnostics platform MosaiQ.
Deal Industry
  • In Vitro Diagnostics
    • Hematology, Coagulation
  • Laboratory Testing Services
  • Research, Analytical Equipment & Supplies
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement
    • Private Investment in Public Equity

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