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NanoString Files $100M Shelf Registration, Aug 31, 2017

NEW YORK (GenomeWeb) – NanoString Technologies has filed a shelf registration to offer up to $100 million in common stock, preferred stock, depositary shares, debt securities, warrants, or units.

In a preliminary filing with the US Securities and Exchange Commission yesterday, the firm said that it may from time to time offer these securities — either alone or in combination — with the net proceeds supporting general corporate activities, including working capital, capital expenditures, and acquisitions of complementary products, technologies, or other businesses.

The shelf registration comes less than three months after Nanostring closed an underwritten public offering of 3,450,000 shares of its common stock, raising $56.5M.

The firm is in the midst of expanding its commercial operations with at least two thirds of a planned 20 new sales positions filled as of this past May.

In Thursday morning trade on the Nasdaq, shares of NanoString were up a fraction of a percent at $15.49.

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