Skip to main content
Premium Trial:

Request an Annual Quote

PacBio Files for Resale of Shares; Eligible for Proceeds of $14.5M if Warrants are Exercised

NEW YORK (GenomeWeb News) – Pacific Biosciences has filed a prospectus for the resale of up to 5.5 million shares of its stock, issuable upon the exercise of warrants.

The Palo Alto, Calif.-based company is not selling any securities under the prospectus, and while it will receive no proceeds from the sale of shares issuable upon exercise of the warrants, it could receive gross proceeds of about $14.5 million if all of the warrants are exercised for cash, PacBio said in its document filed with the US Securities and Exchange Commission on Tuesday.

Last month, PacBio entered into a facility agreement with Deerfield Management Company whereby PacBio issued seven-year warrants to purchase 5.5 million shares of its common stock at an exercise price of $2.63 per share. The warrants are part of a broader deal between the firms that provided PacBio with $20.5 million in debt financing.

Any funds achieved by exercise of the warrants will go toward general corporate purposes, but Deerfield does not have to exercise its warrants, PacBio said.

The Scan

Genetic Risk Factors for Hypertension Can Help Identify Those at Risk for Cardiovascular Disease

Genetically predicted high blood pressure risk is also associated with increased cardiovascular disease risk, a new JAMA Cardiology study says.

Circulating Tumor DNA Linked to Post-Treatment Relapse in Breast Cancer

Post-treatment detection of circulating tumor DNA may identify breast cancer patients who are more likely to relapse, a new JCO Precision Oncology study finds.

Genetics Influence Level of Depression Tied to Trauma Exposure, Study Finds

Researchers examine the interplay of trauma, genetics, and major depressive disorder in JAMA Psychiatry.

UCLA Team Reports Cost-Effective Liquid Biopsy Approach for Cancer Detection

The researchers report in Nature Communications that their liquid biopsy approach has high specificity in detecting all- and early-stage cancers.