Fulgent Genetics Announces Proposed Public Offering of Common Stock
November 13 2019 - 4:01PM
Fulgent Genetics (NASDAQ: FLGT) (“Fulgent Genetics” or the
“Company”), a provider of comprehensive genetic testing and Next
Generation Sequencing (NGS) solutions, today announced that it has
commenced an underwritten public offering of its common stock. In
connection with this offering, Fulgent Genetics intends to grant
the underwriters a 30-day option to purchase up to an additional
15% of the shares of common stock sold in the public offering. All
of the shares are being offered by Fulgent Genetics. The
Company currently intends to use the net proceeds from this
offering for working capital and general corporate purposes.
Piper Jaffray & Co. will act as the sole book-running
manager for the offering. The offering is subject to market and
other conditions, and there can be no assurance as to whether or
when the offering may be completed, or as to the actual size or
terms of the offering.
The shares are being offered by Fulgent Genetics by means of a
prospectus supplement to the prospectus forming a part of the
Company’s effective shelf registration statement on Form S-3 filed
with the Securities and Exchange Commission (the “SEC”) on August
12, 2019 and other related documents. You may obtain these
documents for free by visiting EDGAR on the SEC website at
www.sec.gov. Alternatively, copies of the preliminary prospectus
supplement may be obtained from Piper Jaffray & Co., Attention:
Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN
55402, by email at prospectus@pjc.com or by phone: 1-800-747-3924.
Before you invest, you should read the prospectus supplement and
the accompanying base prospectus along with other documents that
the Company has filed with the SEC for more complete information
about the Company and these offerings.
This press release shall not constitute an offer to sell, or a
solicitation of an offer to buy, the Shares or any other
securities, nor will there be any sale of the Shares or any other
securities in any state or other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or other
jurisdiction.
About Fulgent Genetics
Fulgent Genetics is a technology company with a focus on
offering comprehensive genetic testing to provide physicians with
clinically actionable diagnostic information they can use to
improve the quality of patient care. The company has developed a
proprietary technology platform that allows it to offer a broad and
flexible test menu and continually expand and improve its
proprietary genetic reference library, while maintaining accessible
pricing, high accuracy and competitive turnaround times. The
company believes its test menu offers more genes for testing than
its competitors in today’s market, which enables it to provide
expansive options for test customization and clinically actionable
results.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Investors are cautioned that statements in this press release
regarding the intention, completion, timing and option relating to
the proposed public offering constitute forward-looking statements
that involve risks and uncertainties, including, without
limitation, risks and uncertainties related to market conditions
and the satisfaction of customary closing conditions related to the
proposed public offering. There can be no assurance that
Fulgent Genetics will be able to complete the proposed public
offering.
The forward-looking statements made in this press release speak
only as of the date of this press release, and the company assumes
no obligation to update publicly any such forward-looking
statements to reflect actual results or to changes in expectations,
except as otherwise required by law.
The company’s reports filed with the Securities and Exchange
Commission, including its annual report on Form 10-K for the year
ended December 31, 2018 filed with the Securities and Exchange
Commission on March 22, 2019, its registration statement on Form
S-3 and prospectus supplements thereto, and the other reports it
files from time to time, including subsequently filed quarterly and
current reports, are made available on the company’s website upon
their filing with the Securities and Exchange Commission. In
particular, you are encouraged to review the Company’s quarterly
report on Form 10-Q for the quarter ended September 30, 2019 for
any revisions or updates to the information in this release.
Investor Relations Contact:The Blueshirt GroupNicole Borsje,
415-217-2633, nborsje@blueshirtgroup.com
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