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Chembio Diagnostics Inc Announces Closing of $6 Million Public Offering of Common Stock

Wednesday, 3 Apr 2013 03:05pm EDT 

Chembio Diagnostics Inc announced the closing of its previously announced underwritten public offering of 1,200,000 shares of its common stock. The price per share of common stock sold in the offering was $5 per share. The net proceeds of the offering, after deducting the underwriters' discounts and other estimated offering expenses payable by the Company, was approximately $5,450,000. The Company intends to use the net proceeds for business expansion and working capital. Craig-Hallum Capital Group LLC was the sole book-running manager for the offering and The Benchmark Company, LLC was a co-manager for the offering. 

Company Quote

-0.12 -3.02%
19 Dec 2014