Exagen inc. announces pricing of public offering of common stock

San diego, march 22, 2021 (globe newswire) -- exagen inc. (nasdaq: xgn), a leading provider of autoimmune testing solutions, today announced the pricing of an underwritten public offering of 3,700,000 shares of its common stock at a price to the public of $16.25 per share. all of the shares to be sold in the offering are to be sold by exagen. the gross proceeds to exagen from the offering, before deducting the underwriting discounts and commissions and other offering expenses, are expected to be $60.1 million. in addition, exagen has granted the underwriters a 30-day option to purchase up to an additional 555,000 shares of common stock. the offering is expected to close on or about march 25, 2021, subject to the satisfaction of customary closing conditions.
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