The Online Investor

Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sat., Sep. 19, 7:28 AM

Slide #17. Quotient Limited Secondary Offering

Company: Quotient Limited (NASDAQ:QTNT)
Date announced: 9/10/2020
Shares Offered: 17,647,059
Date of Pricing: 9/10/2020
Price Per Share: $4.25
Secondary Offering Details: Quotient Limited (NASDAQ: QTNT) (the Company), a commercial-stage diagnostics company, today announced the upsize and pricing of a $75 million underwritten public offering. The Company is offering 17,647,059 ordinary shares at a price to the public of $4.25 per share. The offering was upsized from the previously announced offering of $60 million. The net proceeds to the Company from this offering are expected to be approximately $69.9 million, after deducting underwriting discounts and commissions and other estimated offering expenses payable by the Company. All of the ordinary shares sold in the offering were offered by the Company. In addition, the Company has granted the underwriters a 30 day option to purchase up to an additional 2,647,058 of its ordinary shares. The offering is expected to close on September 15, 2020, subject to customary closing conditions.

Quotient is a commercial-stage diagnostics company. Co. focuses on blood grouping and donor disease screening, which is referred to as transfusion diagnostics. Blood grouping involves specific procedures performed at donor or patient testing laboratories to characterize blood, which includes antigen typing and antibody detection. Disease screening involves the screening of donor blood for unwanted pathogens using two different methods, a serological approach (testing for specific antigens or antibodies) and a molecular approach (testing for DNA or RNA). Co. is developing MosaiQ, its proprietary technology platform, and a third microarray for molecular disease screening.

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Company Name: 
Quotient Ltd
Website: 
www.quotientbd.com
Sector: 
Medical Instruments & Supplies
Number of ETFs Holding QTNT: 
11
Total Market Value Held by ETFs: 
$11.39M
Total Market Capitalization: 
$447.00M
% of Market Cap. Held by ETFs: 
2.55%
 

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