Bionano genomics announces pricing of $88.5 million underwritten public offering of common stock

San diego, jan. 08, 2021 (globe newswire) -- bionano genomics, inc. (nasdaq: bngo), announced today the pricing of its previously announced underwritten public offering of 29,016,393 shares of its common stock at a price to the public of $3.05 per share. the gross proceeds to bionano from the offering, before deducting underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $88.5 million. in addition, bionano has granted the underwriters a 30-day option to purchase up to an additional 4,352,458 shares of common stock at the public offering price, less underwriting discounts and commissions, to cover over-allotments, if any. all of the shares in the proposed offering are to be sold by bionano. the offering is expected to close on january 12, 2021, subject to customary closing conditions.
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