BUZZ-Quantum-Si falls after $50 mln stock offering

Reuters

01-06

BUZZ-Quantum-Si falls after $50 mln stock offering

** Protein sequencing firm Quantum-Si's QSI.O shares fall 5.4% to $4.06 premarket

** Company on Friday priced its $50 mln registered direct offering

** Company sold ~15.6 mln shares to certain institutional investors at $3.20/shr, a 25.4% discount to stock's last close

** QSI plans to use the proceeds for working capital and general corporate purposes

** QSI stock rose 34.3% in 2024

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))

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