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home / news releases / XGN - Exagen raises $60M via equity offering


XGN - Exagen raises $60M via equity offering

Exagen (XGN) has priced its public offering of 3.7M common shares at $16.25/share, for expected gross proceeds of $60.1M.Underwriters' over-allotment is an additional 555K shares. Net proceeds will be used for build out of clinical laboratory, advancement of its product pipeline, for working capital and other general corporate purposes.Closing date is March 25.Shares down 10% after-hours. Yesterday's close was $19.12.Previously (March 22): Exagen announces underwritten public offering

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Exagen raises $60M via equity offering
Stock Information

Company Name: Exagen Inc.
Stock Symbol: XGN
Market: NYSE
Website: exagen.com

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