Cerus Sets Public Offering: $39M For 'Even' Spending
West Coast Editor
Cerus Corp. priced its public offering of 4.5 million shares at $8.75 per share for proceeds of about $39.4 million, and the company expects to net about $36.9 million after expenses, or $42.5 million if the underwriters exercise their option to buy 675,000 more shares.
The company’s shares (NASDAQ:CERS) closed Thursday at $8.75, down 46 cents.
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