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Quotient prices $39.2M ordinary shares offering

Quotient Ltd. priced a previously announced underwritten public offering of 7 million ordinary shares at $6 apiece to raise $39.2 million in net proceeds.

The offering is expected to close by April 10, and the underwriters have an option to purchase up to an additional 1,050,000 of the shares offered.

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