UPDATE: OraSure Technologies (OSUR) Prices 8M Share Common Offering at $11/Sh
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OraSure Technologies, Inc. Prices Underwritten Offering of Common Stock
June 2, 2020 11:15 PM EDTBETHLEHEM, Pa., June 02, 2020 (GLOBE NEWSWIRE) -- OraSure Technologies, Inc. (Nasdaq: OSUR) (OraSure or the Company) today announced the pricing of an underwritten offering of 8,000,000 shares of its common stock at a price of $11.00 per share. After the underwriting discount and estimated offering expenses, OraSure expects to receive net proceeds of approximately $82.48 million. In addition, OraSure has granted the underwriters a 30-day option to purchase up to an additional 1,200,000 of shares of its common stock. The offering is expected to close on June 5, 2020, subject to customary closing conditions. J.P. Morgan Securities... More
