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JP Morgan Securities and Cowen and Company are the joint book-running managers for the offering, while William Blair is the lead manager.

The company had intended to raise up to €6.6 million through the placement to help fund its planned acquisition of TGR Biosciences.

Sygnis said that TGR is profitable and has a complementary product portfolio that includes protein capture technology.

The firm plans to use net proceeds for corporate purposes, including capital expenditures and working capital.

The firm plans to use the $13.3 million in net proceeds to fund ongoing operations, expansions of its liquid biopsy business, and to service its indebtedness.

The company plans to use proceeds to support its ongoing operations, expansion of its business, and to service existing debts.

The company said it anticipates using net proceeds for working capital and general corporate purposes.

The firm is offering 12.1 million shares of its common stock at a price to the public of $2.90 per share, for expected gross proceeds of $35.1 million.

The company said after the close of the market Tuesday that it intends to offer 10 million shares of its common stock in an underwritten public offering.

Net proceeds from the offering of more than 4.9 million shares will be used for working capital and other general corporate purposes.  

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