October 19, 2016 5:58pm

ONVO is DOWN -$0.61 in the pre-market ... BIG discount to the closing price of $3.49

 


 

ONVO has commenced an underwritten public offering of its common stock.  The financing offers 9 M shares priced at $2.75 to raise $25 M. There is also a 1.35 M option to purchase additional shares.

ONVO is DOWN -$0.62 pre-market

 

Jefferies LLC and Evercore ISI are acting as joint book-running managers for the offering. Raymond James & Associates, Inc. is acting as lead manager, and BTIG is acting as co-manager.