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FT. MYERS, FL / ACCESSWIRE / May 21, 2019 / NeoGenomics, Inc. (NEO), a leading provider of cancer-focused genetic testing services, today announced the pricing of its underwritten public offering of 7,000,000 shares of its common stock at a public offering price of $21.25 per share. Gross proceeds to NeoGenomics from the offering, before deducting the underwriting discounts and commissions and estimated offering expenses payable by NeoGenomics, are expected to be $148,750,000. All shares of common stock to be sold in the offering are being sold by NeoGenomics. In addition, NeoGenomics has granted the underwriters a 30-day option to purchase up to 1,050,000 additional shares of common stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on or about May 24, 2019, subject to the satisfaction of customary closing conditions.
Morgan Stanley, SVB Leerink, and William Blair acted as representatives of the underwriters and book-running managers for the offering. Cantor, Craig-Hallum Capital Group, Needham & Company, Raymond James, and Stephens Inc. acted as co-managers for the offering.
NeoGenomics intends to use the net proceeds from this offering for general corporate purposes. NeoGenomics may use a portion of the net proceeds to acquire or invest in complementary businesses and technologies, although there are no current commitments or agreements with respect to any such transactions.
An automatic shelf registration statement (including a prospectus) relating to the offering of common stock was filed with the Securities and Exchange Commission ("SEC") on May 20, 2019 and became effective upon filing. A prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC and available on the SEC's website at www.sec.gov. Alternatively, copies of the prospectus and accompanying prospectus supplement, when available, may be obtained from: Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; SVB Leerink LLC, Attention: Syndicate Department, One Federal Street, 37th Floor, Boston, MA 02110, telephone: 1-800-808-7525 ex. 6132 or email: syndicate@svbleerink.com; or William Blair & Company, L.L.C. Attn: Prospectus Department, 150 North Riverside Plaza, Chicago, Illinois 60606, by telephone at (800) 621-0687, or by email at prospectus@williamblair.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. Any offer, if at all, will be made only by means of the prospectus supplement and accompanying prospectus forming a part of the effective registration statement.