Bionanao Genomics Inc (BNGO)

[larryxxx10]

Any thoughts on how this announcement today? Good, bad, etc.

Bionano Genomics Announces Pricing of $18 Million Underwritten Public Offering

SAN DIEGO, Oct. 21, 2019 (GLOBE NEWSWIRE) -- BIONANO GENOMICS, INC. (BNGO), a life sciences instrumentation company that develops and markets Saphyr, a platform for ultra-sensitive and ultra-specific structural variation detection in genome analysis, today announced the pricing of an underwritten public offering of 20,937,558 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 20,937,558 shares of common stock. Each share of common stock and, as applicable, pre-funded warrant is being sold together with a common warrant to purchase one share of common stock at a combined effective price to the public of $0.86 per share and accompanying common warrant. For each pre-funded warrant Bionano sells, the number of shares of common stock Bionano is offering will be decreased on a one-for-one basis.