WaferGen to Raise $30M to Ramp Up SmartChip Sales and Marketing | GenomeWeb

WaferGen Biosystems said this week that it is planning a $30.4 million private placement financing of equity and debt in order to ramp up sales and marketing efforts for its SmartChip Real-Time PCR system and consumables.

The company has signed private placement agreements with Great Point Partners, Deerfield Management, and Merlin Nexus, as well as certain members of WaferGen's board and management, consisting of $15.2 million of non-voting convertible preferred stock and $15.2 million of non-voting convertible notes due November 2014.

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