Chembio Diagnostics (CEMI) Prices 2.34M Common Stock Offering at $11.75/sh
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Chembio Diagnostics Announces Pricing of Public Offering of Common Stock
May 7, 2020 8:55 AM EDTHAUPPAUGE, N.Y., May 07, 2020 (GLOBE NEWSWIRE) -- Chembio Diagnostics, Inc. (Nasdaq:Â CEMI) (Chembio), a leading point-of-care diagnostic company focused on infectious diseases, announced today the pricing of its previously announced public offering of 2,338,468 shares of its common stock at a public offering price of $11.75 per share for gross proceeds of approximately $27.5 million. In addition, Chembio has granted the underwriters a 30-day option to purchase up to an additional 350,770 shares of common stock at the public offering price less the underwriting discounts and commissions. All shares of common stock to be sold in the offering will be offered by... More
