Brief: Quotient Limited Announces New $95 Million Financing Led By Highbridge

Quotient

24/05/2021 13:22

May 24 (Reuters) - Quotient Ltd  QTNT.O :
    * QUOTIENT LIMITED ANNOUNCES NEW $95 MILLION FINANCING LED
BY
HIGHBRIDGE
    * QUOTIENT - TO SELL NEW 4.75% CONVERTIBLE SENIOR NOTES DUE
2026
IN PRIVATE OFFERING TO INSTITUTIONAL INVESTORS, INCLUDING FUNDS
MANAGED BY HIGHBRIDGE
    * QUOTIENT - TO USE PROCEEDS FOR DEVELOPMENT OF MULTIMODAL,
MULTIPLEXING MOSAIQ PLATFORM, PREPARE FOR COMMERCIAL LAUNCH,
GENERAL CORPORATE NEEDS
    * QUOTIENT LTD - MAY ISSUE UP TO AN ADDITIONAL $15.0 MILLION
OF
NOTES IN ONE OR MORE SUBSEQUENT OFFERINGS

Source text for Eikon:  ID:nGNX1Y1Nll 
Further company coverage:  QTNT.O 

 ((Reuters.Briefs@thomsonreuters.com;))