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Home > News > Nanogen Receives $25 Million Equity Financing Commitment

May 10th, 2006

Nanogen Receives $25 Million Equity Financing Commitment

Abstract:
Nanogen, Inc. (Nasdaq: NGEN), developer of advanced diagnostic products, announced today that it
has received a commitment for up to $25 million in common stock equity financing from Azimuth Opportunity Ltd. Subject to the terms and conditions of a purchase agreement between Nanogen and Azimuth Opportunity, over the next eighteen months, Nanogen may sell registered shares of its common stock, at its discretion, to Azimuth Opportunity at a small discount from market price.

Source:
prnewswire

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