Cancer Genetics Inc (CGIX)

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Cancer Genetics, Inc. (Nasdaq:CGIX), an emerging leader in DNA-based cancer diagnostics, offering bench to the bedside solutions, today confirmed the closing of its previously announced public offering of 3,000,000 shares of its common stock with five-year warrants to purchase 3,000,000 shares of common stock at an exercise price of $5.00 per share at a combined price to the public of $4.00. Cancer Genetics’ gross proceeds from this offering were $12.0 million before deducting underwriting discounts and commissions, as well as other estimated offering expenses payable by Cancer Genetics. The underwriters were granted a 45-day option to purchase up to an aggregate of 450,000 additional shares of common stock and/or warrants. The underwriters’ option to purchase additional warrants was exercised and sold today.