By Ronda Fears
Memphis, March 16 - Cerus Corp. raised $39.375 million in gross proceeds from a follow-on offering of 4.5 million shares of common stock off the shelf priced at $8.75 each, discounted from Wednesday's closing level of $9.21 via bookrunner Robert W. Baird & Co. Inc. and joint lead manager JMP Securities LLC.
Concord, Calif.-based Cerus is focused on systems to enhance the safety of blood supplies. The company plans to use proceeds to fund research and development, commercialization activities, clinical trials, capital expenditures, working capital and general corporate purposes, including possible acquisitions.
Issuer: | Cerus Corp.
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Issue: | Follow-on stock offering
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Gross proceeds: | $39.375 million
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Shares: | 4.5 million shares
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Greenshoe: | 675,000 shares
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Price: | $8.75 per share
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Joint lead managers: | Robert W. Baird & Co. Inc. (bookrunner) and JMP Securities LLC.
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Pricing date: | March 15
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Settlement date: | March 22
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Stock symbol: | Nasdaq: CERS
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Stock price: | $9.21 at close March 15
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