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April 7th, 2004
Nanogen Announces $7.7 Million Common Stock Sale
Nanogen, Inc. announced today that it has sold 900,000 shares of its common stock to institutional investors at a price of $8.60 per share, for gross proceeds of approximately $7.7 million. After deducting fees and expenses, Nanogen will receive approximately $7.4 million from the sale, which was conducted pursuant to Nanogen's shelf registration statement filed in January 2004 and increased by 150,000 shares on April 6, 2004. The sale is expected to close today.
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