Seeking Alpha

BG prices offering

  • Shares of BG Medicine (BGMD -18.7%) are down in early trading in response to its public offering of 6,452,000 common shares at $1.55/share. Net proceeds will be $8.9M.
  • Underwriters over-allotment is 967,800 shares.
  • Proceeds will be used to advance the commercialization of its cardiovascular diagnostic tests, CAPEX, IP licensing, debt repayment and working capital.
  • Closing date is April 8.
Comments (1)
  • Genoregrets
    , contributor
    Comments (25) | Send Message
     
    Thanks $BGMD glad your making money pricing shares at 45 cents less than the previous days close . Great business plan
    3 Apr, 09:50 AM Reply Like
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