GenMark Diagnostics, Inc. (NASDAQ: GNMK) announced the pricing of its previously announced underwritten public offering of 7,253,886 shares of its common stock at a public offering price of $9.65 per share. The gross proceeds to GenMark, before deducting the underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $70.0 million. The offering is expected to close on or about May 11, 2020, subject to customary closing conditions.
GenMark has granted the underwriters a 30-day option to purchase up to an additional 1,088,082 shares at the public offering price, less underwriting discounts and commissions.
Cowen and William Blair are acting as joint book-running managers for the offering. Canaccord Genuity is acting as lead manager for the offering. BTIG and Needham & Company are acting as co-managers for the offering.