Business
908 Devices Announces Launch of Public Offering
BOSTON--(BUSINESS WIRE)-- 908 Devices Inc. (NASDAQ: MASS), a pioneer of purpose-built handheld and desktop mass spec devices for chemical and biomolecular
About this update from 908 Devices Inc.
[{"type":"text","content":" BOSTON--(BUSINESS WIRE)--\n908 Devices Inc. (NASDAQ: MASS), a pioneer of purpose-built handheld and desktop mass spec devices for chemical and biomolecular analysis, today announced the launch of a public offering of shares of its common stock, with 2,750,000 shares being offered by the Company pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission (the “SEC”). The underwriters will have a 30-day option to purchase up to an additional 412,500 shares of common stock from the Company. 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 the actual size or terms of the offering.\n\nThe Company intends to use the net proceeds from the offering, together with its existing cash and cash equivalents, for working capital and general corporate purposes, including: (1) to fund its research and development efforts to expand the applications of its current devices and to create enhanced products with its platform of technologies; (2) to expand its commercial operations and accelerate planned investments; and (3) to acquire complementary businesses, products, services or technologies.\n\nCowen and SVB Leerink will act as lead book-running managers for the proposed offering. William Blair and Stifel will be book-running managers for the proposed offering.\n\nThe proposed offering will be made only by means of a prospectus. A copy of the preliminary prospectus may be obtained from: Cowen and Company, LLC, c/o Broadridge Financial Solutions, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 833-297-2926, or by email at [email protected]; or SVB Leerink LLC, Attention: Syndicate Department, 53 State Street, 40th Floor, Boston, Massachusetts 02109, telephone: 1-800-808-7525, ext. 6105, or by email at [email protected].\n\nA registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in whi...