HTG Molecular Diagnostics Inc (HTGMQ)

[DCALongRun]

See if you can figure out.

This was posted this evening.

HTG Molecular Diagnostics, Inc. (NASDAQ:HTGM) (HTG), a provider of instruments, reagents and services for molecular profiling applications, today announced the pricing of an underwritten public offering of 12,100,000 shares of its common stock at a price to the public of $2.90 per share. All of the shares are being sold by HTG. The gross proceeds from the offering are expected to be $35.1 million, before deducting the underwriting discounts and commissions and offering expenses. The offering is expected to close on January 23, 2018, subject to customary closing conditions. In addition, HTG has granted the underwriters a 30-day option to purchase up to 1,815,000 additional shares of its common stock at the public offering price, less the underwriting discounts and commissions.
HTG anticipates using the net proceeds from the offering for working capital and general corporate purposes, which may include capital expenditures and research and development, sales and marketing and general and administrative expenses.

Leerink Partners LLC and Cantor Fitzgerald & Co. are acting as joint book-running managers for the offering. H.C. Wainwright & Co., LLC and LifeSci Capital LLC are acting as co-managers for the offering.