Quantum-Si Shares Fall 14% After Disclosing Buyback Agreement

Dow Jones

Jan 04, 2025

By Katherine Hamilton

Shares of Quantum-Si declined after the company said it entered into a stock buyback agreement with a group of institutional investors that is expected to raise about $50 million.

The protein sequencing company's stock fell 14% to $3.69 in after-hours trading on Friday. The shares closed the market session up less than 1%, and have more than doubled in price in the past 12 months.

Quantum-Si expects to purchase and sell about 15.6 million shares of common stock at $3.20 a per share, the company said. Net proceeds are expected to be use for working capital and general corporate purposes.

The offering is set to close on Jan. 6.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(MORE TO FOLLOW) Dow Jones Newswires

January 03, 2025 17:24 ET (22:24 GMT)

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The shares closed the market session up less than 1%, and have more than doubled in price in the past 12 months. \n</p>\n<p>\n  Quantum-Si expects to purchase and sell about 15.6 million shares of common stock at $3.20 a per share, the company said. Net proceeds are expected to be use for working capital and general corporate purposes. \n</p>\n<p>\n  The offering is set to close on Jan. 6. \n</p>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (MORE TO FOLLOW) Dow Jones Newswires\n</p>\n<p>\n  January 03, 2025 17:24 ET (22:24 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"QSI","symbol_name":"Quantum-Si Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2500127132","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2500127132","pubTimestamp":1735943040,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Quantum-Si declined after the company said it entered into a stock buyback agreement with a group of institutional investors that is expected to raise about $50 million.The protein sequencing company's stock fell 14% to $3.69 in after-hours trading on Friday. 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The shares closed the market session up less than 1%, and have more than doubled in price in the past 12 months. \n\n\n  Quantum-Si expects to purchase and sell about 15.6 million shares of common stock at $3.20 a per share, the company said. Net proceeds are expected to be use for working capital and general corporate purposes. \n\n\n  The offering is set to close on Jan. 6. \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (MORE TO FOLLOW) Dow Jones Newswires\n\n\n  January 03, 2025 17:24 ET (22:24 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding,buyback","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}