By Connor Hart
Shares of Quantum-Si fell after the company disclosed the pricing for its registered direct offering of $50 million worth of shares of its common stock.
The stock slid 11%, to $1.91, in premarket trading Monday. Through Thursday's close, shares have more than doubled in the past year.
The protein sequencing company said after Thursday's closing bell that it entered a securities purchase agreement with a single institutional investor to sell nearly 30 million shares of common stock, and common stock equivalents, for $1.67 apiece.
Quantum-Si expects gross proceeds of about $50 million from the sale, minus placement agent commissions and other offering expenses. The company plans to use proceeds for working capital and general corporate purposes.
The closing of the offering is expected to occur on or about Tuesday, subject to the satisfaction of customary closing conditions.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
July 07, 2025 06:21 ET (10:21 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.