Nanosphere is offering 15,000,000 shares at $1.75 with an additional 2,250,000 shares allocated to cover over-allotments. Nanosphere needs the money to fund working capital.
Saturday, September 14, 2013
Nanosphere (NSPH) Tanks Again
Nanosphere (NSPH) fell 8.5% yesterday (02013.09.13) after the company announced they were issuing more shares. NSPH closed at $1.84 after hitting an intra-day low of $1.77. 52-week range: $1.72 - $4.49. Volume was 3.52 million versus trailing-3-month average of 0.73 million.
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