Accelerate Diagnostics slides on discounted $35 mln public offering

Accelerate Diagnostics

19/08/2022 11:31

** Accelerate Diagnostics Inc's shares  AXDX.O  slump 14.5%
to $2.13 - among top five losers across U.S. exchanges premarket
    ** AXDX late Thursday announces underwritten public offering
to raise $35 mln
    ** Company to sell 17.5 mln shares for $2 per share, a
discount of 20% on stock's last close  urn:newsml:reuters.com:*:nPn8xBqlYa
    ** AXDX expects to use the proceeds for general corporate
purposes and to fund commercialization efforts
    ** AXDX currently has 81.6 mln of shares outstanding and its
market value is $203.1 mln - Refinitiv data
    ** Up to Thursday's close, stock down ~52% YTD

 (Reporting by Khushi Mandowara)
 ((Khushi.Mandowara@thomsonreuters.com;))