Great Basin registers $20 million of stock for a public sale of units

Agent Roth helps with sale of units of a common share and one warrant

By Devika Patel

Knoxville, Tenn., Aug. 15 – Great Basin Scientific, Inc. will conduct a public offering of units, according to an S-1 filed Monday with the Securities and Exchange Commission. The company has registered up to $20 million of stock.

The units will each consist of one common share and one warrant. The warrants expire in five years.

Roth Capital Partners, LLC is the agent.

Proceeds will be used for research and development, sales and marketing, manufacturing analyzers, the automation of the company’s manufacturing facility, increasing manufacturing capacity and general corporate purposes.

Great Basin is a molecular diagnostics company based in Salt Lake City.

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