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Invitae closes private placement of common, preferred stock

Invitae Corp. completed its private placement of 5,188,235 common shares and 3,458,823 series A convertible preferred shares, both priced at $8.50 apiece, to certain accredited investors for gross proceeds of about $73.5 million.

The company expects net proceeds from the private placement to be about $68.8 million.

Cowen and Co. LLC and Leerink Partners LLC acted as joint placement agents for the transaction.