Biocept (BIOC) Prices 23M Share Registered Direct Offering at $0.40/Sh

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Go back to Biocept (BIOC) Prices 23M Share Registered Direct Offering at $0.40/Sh

Biocept Announces Pricing of $9.2 Million Registered Direct Offering Priced At-The-Market

March 2, 2020 8:30 AM EST

SAN DIEGO, March 2, 2020 /PRNewswire/ -- Biocept, Inc. (NASDAQ: BIOC) ("Biocept" or the "Company"), a leading commercial provider of liquid biopsy tests designed to provide physicians with clinically actionable information to improve the outcomes of patients diagnosed with cancer, today announced that it has entered into a securities purchase agreement with several institutional investors for the issuance and sale of 23,000,000 shares of its common stock at a price of $0.40 per share, for aggregate gross proceeds of approximately $9.2 million, in a registered direct offering priced at-the-market under Nasdaq rules. 

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