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Great Basin nets $7.4mm via IPO

Executive Summary

Great Basin Corp. (infectious disease diagnostics) netted $7.4mm through the initial public offering of 1.15mm units at $7. Each unit consists of one share of common stock and a one-year Series A warrant; the Series A warrant is exercisable for one common share at the IPO price and one Series B warrant, also exercisable for one share. (The Series B warrants will only be issued upon exercise of the Series A warrants, and are then exercisable for six years at 125% of the IPO price.)
Deal Industry
  • Biotechnology
  • In Vitro Diagnostics
  • In Vitro Diagnostics
    • Molecular Diagnostics & Genetic Testing
Deal Status
  • Final
Deal Type
  • Financing
    • IPO

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