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Benzinga

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Henry Khederian

Why BioNano Genomics (BNGO) Stock Is Getting Hammered Tuesday

BNGO Bionano Genomics Nasdaq Benzinga Edge

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BioNano Genomics Inc (NASDAQ:BNGO) shares are trading sharply lower in Tuesday’s session after the company announced the pricing of a $10 million public offering.

What To Know: The company announced it is offering 5 million shares of its common stock (or equivalents) and accompanying Series Warrants at a combined price of $2.00 per share. The offering includes Series E and short-term Series F warrants, which will be immediately exercisable upon issuance.

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