SOPHiA GENETICS (Nasdaq: SOPH) sells 12.1M shares at $4.75
Rhea-AI Filing Summary
SOPHiA GENETICS completed an underwritten public offering of 12,104,900 ordinary shares at $4.75 per share, raising gross proceeds of about $57.5 million before fees and expenses. The deal included 1,578,900 additional shares sold after underwriters fully exercised their option, and closed on June 18, 2026.
The shares were issued under an effective Form F-3 shelf registration, with TD Securities leading a syndicate of underwriters. All shares were sold by the company, providing new primary capital and diluting existing shareholders while strengthening the balance sheet.
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Insights
SOPHiA GENETICS raised $57.5M in a fully subscribed equity deal.
SOPHiA GENETICS issued 12,104,900 ordinary shares at $4.75 each in an underwritten public offering, all sold by the company. Underwriters fully exercised their option for 1,578,900 extra shares, taking gross proceeds to about $57.5 million.
This is a primary capital raise, so cash flows to the company while existing shareholders are diluted by the new shares. The transaction was conducted off an effective Form F-3 shelf, using a standard prospectus supplement structure and a traditional underwriter syndicate led by TD Cowen and Guggenheim Securities.
The company highlights that the offering was oversubscribed, with the underwriters’ option exercised in full. Subsequent filings may detail how management plans to deploy the proceeds and how the larger share count affects per-share metrics over future reporting periods.
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Key Terms
underwritten public offering financial
underwriting agreement financial
Form F-3 regulatory
prospectus supplement regulatory
underwriters’ option financial
Swiss Financial Services Act (FinSA) regulatory
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