Solexa Hopes to Issue $100M Worth of New Equities or Debt

NEW YORK, May 19 (GenomeWeb News) - Solexa announced yesterday that it is trying to obtain permission from the US Securities and Exchange Commission to issue $100 million worth of securities, which may consist of common stock, preferred stock, warrants, debt, or any combination thereof.

The company has filed a universal shelf registration statement on Form S-3. If the statement is declared effective by the SEC, Solexa will be allowed to issue securities in one or more offerings up to a maximum aggregate offering amount of $100 million.

Earlier this year, Solexa raised around $60 million in a private stock placement.