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Biocept prices $3M common stock offering

Biocept Inc. priced its best efforts public offering of up to 4,925,936 common shares at 68 cents apiece, raising net proceeds of about $3 million.

The company will use the proceeds for working capital and general corporate purposes.

Closing of the offering is expected to occur Dec. 7, subject to customary closing conditions.

Dawson James Securities Inc. acted as the lead placement agent in the offering, with WestPark Capital Inc. as placement agent.