GeneDx Holdings (WGS) Prices 428.6M Share Offering at $0.35/sh
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GeneDx Holdings Announces Pricing Of A $150 Million Underwritten Public Offering Of Class A Common Stock And Concurrent Registered Direct Offering
January 27, 2023 6:00 AM ESTSTAMFORD, Conn., Jan. 27, 2023 (GLOBE NEWSWIRE) -- GeneDx Holdings Corp. (Nasdaq: WGS) today announced the pricing of offerings for an aggregate of 428,571,429 shares of its Class A common stock at a public offering price of $0.35 per share (the Offerings). The Offerings consist of an underwritten public offering (the Underwritten Offering) of 328,571,429 shares and a registered direct offering (the Direct Offering) of 100,000,000 shares to institutional investors affiliated with a member of GeneDxs board of directors (comprising 77,663,376 shares (the Initial Direct Offering Shares) that are expected to be issued following the closing of the Underwritten Offering and 22,336,624 shares (the... More
