Quantum-Si falls after $50 mln stock offering

Quantum-Si

06/01/2025 13:59

** Protein sequencing firm Quantum-Si's  QSI.O  shares fall
5.4% to $4.06 premarket
    ** Company on Friday priced its $50 mln registered direct
offering 
    ** Company sold ~15.6 mln shares to certain institutional
investors at $3.20/shr, a 25.4% discount to stock's last close
    ** QSI plans to use the proceeds for working capital and
general corporate purposes
    ** QSI stock rose 34.3% in 2024

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com))