{"id":404870,"date":"2020-12-22T17:26:31","date_gmt":"2020-12-22T22:26:31","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=404870"},"modified":"2020-12-22T17:26:31","modified_gmt":"2020-12-22T22:26:31","slug":"908-devices-announces-closing-of-initial-public-offering-and-full-exercise-of-the-underwriters-option-to-purchase-additional-shares","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/908-devices-announces-closing-of-initial-public-offering-and-full-exercise-of-the-underwriters-option-to-purchase-additional-shares\/","title":{"rendered":"908 Devices Announces Closing of Initial Public Offering and Full Exercise of the Underwriters’ Option to Purchase Additional Shares"},"content":{"rendered":"

<\/p>\n

908 Devices Announces Closing of Initial Public Offering and Full Exercise of the Underwriters’ Option to Purchase Additional Shares<\/b><\/p>\n

BOSTON–(BUSINESS WIRE<\/a>)–
\n908 Devices Inc., a pioneer of purpose-built handheld and desktop mass spec devices for chemical and biomolecular analysis, today announced the closing of its upsized initial public offering of shares of its common stock, with 7,475,000 shares offered and sold by the Company at a public offering price of $20.00 per share, which includes the full exercise of the underwriters\u2019 option to purchase an additional 975,000 shares of common stock from the Company. The shares began trading on the Nasdaq Global Market on December 18, 2020 under the ticker symbol \u201cMASS.\u201d\n<\/p>\n

\nCowen and SVB Leerink acted as lead book-running managers for the proposed offering. William Blair and Stifel acted as book-running managers for the proposed offering.\n<\/p>\n

\nA registration statement on Form S-1 relating to the shares sold in the initial public offering has been filed with the Securities and Exchange Commission and was declared effective on December 17, 2020. Copies of the final prospectus relating to this offering may be obtained from: Cowen and Company, LLC, c\/o Broadridge Financial Solutions, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 833-297-2926, or by email at PostSaleManualRequests@broadridge.com<\/a>; or SVB Leerink LLC, Attention: Syndicate Department, One Federal Street, 37th Floor, Boston, Massachusetts 02120, telephone: 1-800-808-7525, ext. 6132, or by email at syndicate@svbleerink.com<\/a>.\n<\/p>\n

\nThis press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.\n<\/p>\n

About 908 Devices<\/i><\/p>\n

\n908 Devices is democratizing laboratory mass spectrometry with its simple handheld and desktop devices, addressing critical-to-life applications. The Company\u2019s devices are used at the point-of-need to interrogate unknown and invisible materials and provide quick, actionable answers to directly address some of the most critical problems in life sciences research, bioprocessing, pharma \/ biopharma, forensics and adjacent markets. The Company is headquartered in the heart of Boston, where it conducts research, designs and manufactures innovative products that bring together the power of mass spectrometry, microfluidic separations, software automation, and machine learning.\n<\/p>\n

Forward Looking Statements<\/i><\/p>\n

\nThis press release includes \u201cforward looking information,\u201d including with respect to the timing of the initial public offering and our intended use of proceeds. Words or phrases such as \u201cwill,\u201d \u201cbelieves,\u201d \u201cintends\u201d or \u201cexpects\u201d or similar expressions are intended to identify forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions, including the risks outlined under \u201cRisk Factors\u201d in the preliminary prospectus and elsewhere in the Company\u2019s filings with the SEC, which may cause actual results to differ materially from any results expressed or implied by any forward-looking statement. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it cannot guarantee future results. The Company has no obligation, and does not undertake any obligation, to update or revise any forward-looking statement made in this press release to reflect changes since the date of this press release, except as required by law.\n<\/p>\n

\nFor questions, please contact our Investor Relations team at IR@908devices.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201222005701\/en\/<\/a><\/span><\/p>\n

\nEmily Fang
\n
908Devices@pancomm.com
\n<\/a>
617-833-9364\n<\/p>\n

KEYWORDS:<\/b> United States North America Massachusetts<\/p>\n

INDUSTRY KEYWORDS:<\/b> Software Research Mobile\/Wireless Pharmaceutical Medical Devices Technology Science Chemicals\/Plastics Biotechnology Manufacturing Other Science Health<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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908 Devices Announces Closing of Initial Public Offering and Full Exercise of the Underwriters’ Option to Purchase Additional Shares BOSTON–(BUSINESS WIRE)– 908 Devices Inc., a pioneer of purpose-built handheld and desktop mass spec devices for chemical and biomolecular analysis, today announced the closing of its upsized initial public offering of shares of its common stock, with 7,475,000 shares offered and sold by the Company at a public offering price of $20.00 per share, which includes the full exercise of the underwriters\u2019 option to purchase an additional 975,000 shares of common stock from the Company. The shares began trading on the Nasdaq Global Market on December 18, 2020 under the ticker symbol \u201cMASS.\u201d Cowen and SVB Leerink acted as lead book-running … <\/p>\n

Continue reading “908 Devices Announces Closing of Initial Public Offering and Full Exercise of the Underwriters’ Option to Purchase Additional Shares”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-404870","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\n908 Devices Announces Closing of Initial Public Offering and Full Exercise of the Underwriters' Option to Purchase Additional Shares - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/908-devices-announces-closing-of-initial-public-offering-and-full-exercise-of-the-underwriters-option-to-purchase-additional-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"908 Devices Announces Closing of Initial Public Offering and Full Exercise of the Underwriters' Option to Purchase Additional Shares - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"908 Devices Announces Closing of Initial Public Offering and Full Exercise of the Underwriters’ Option to Purchase Additional Shares BOSTON–(BUSINESS WIRE)– 908 Devices Inc., a pioneer of purpose-built handheld and desktop mass spec devices for chemical and biomolecular analysis, today announced the closing of its upsized initial public offering of shares of its common stock, with 7,475,000 shares offered and sold by the Company at a public offering price of $20.00 per share, which includes the full exercise of the underwriters\u2019 option to purchase an additional 975,000 shares of common stock from the Company. 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