Chembio Diagnostics (CEMI -0.2%) says it's closed its previously announced 1.2M share public...

|About: Chembio Diagnostics, Inc. (CEMI)|By:, SA News Editor

Chembio Diagnostics (CEMI -0.2%) says it's closed its previously announced 1.2M share public offering, pricing the block at $5 per share. The net proceeds of the offering totaled approximately $5.45M, for which the company intends to use for business expansion and working capital. Craig-Hallum Capital was the sole book-runner.