SeqLL Inc. has completed its initial public offering (IPO) of 3,060,000 shares and accompanying warrants, generating approximately $13 million in gross proceeds. The shares and warrants began trading on Nasdaq under symbols SQL and SQLLW, respectively, on August 27, 2021. SeqLL plans to utilize the net proceeds primarily to expand its commercial operations and develop new scientific assets, specifically focusing on enhanced sequencing instruments and related reagents. The underwriters have a 45-day option to purchase additional shares and warrants for over-allotments.
SeqLL Inc. (NASDAQ:SQL; SQLLW) has priced its initial public offering at $4.25 per share, raising approximately $13 million. The offering includes 3,060,000 shares and warrants, with a 45-day option for underwriters to purchase an additional 459,000 shares. Trading is set to begin on August 27, 2021. The company plans to use the proceeds primarily to expand its commercial operations and develop new scientific assets using its tSMS technology. The offering is expected to close on August 31, 2021, pending customary conditions.