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Quotient sells additional ordinary shares in offering

Quotient Ltd. sold an additional 1,050,000 ordinary shares in its underwritten public offering of 7 million ordinary shares after the full exercise of the underwriters' overallotment option.

The exercise brings net proceeds from the offering to about $45.1 million, after deducting underwriting discounts and commissions and estimated offering expenses.

Closing of the offering is expected to occur April 10.

Jefferies LLC is acting as the sole book-running manager of the offering, with BTIG LLC acting as the lead manager.