Natera prices $250M follow-on offering of 4.55M shares at $55; net proceeds ~$235.4M

Natera, Inc.

Priced 4,550,000 shares of common stock at $55.00 per share; underwriters granted 30-day option for 682,500 additional shares.
Expected net proceeds of approximately $235.4 million, or $270.8 million if overallotment fully exercised.
Offering expected to close September 11, 2023; joint book-running managers: Morgan Stanley, Goldman Sachs, Cowen, Piper Sandler.
Proceeds for general corporate purposes; offering made under automatically effective Form S-3 shelf registration.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Natera, Inc. entered into Underwriting Agreement with Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, Cowen and Company, LLC and Piper Sandler & Co., as representatives of the several underwriters valued at $235.4 million (effective 2023-09-06).

Action: entry
Agreement: underwriting
Counterparty: Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, Cowen and Company, LLC and Piper Sandler & Co., as representatives of the several underwriters
Value: $235.4 million
Effective: 2023-09-06

Exact text from the filing

On September 6, 2023, Natera, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, Cowen and Company, LLC and Piper Sandler & Co., as representatives of the several underwriters named in Schedule I thereto (the “Underwriters”), in connection with the offer and sale by the Company of 4,550,000 shares of common stock of the Company, par value $0.0001 per share, at a price to the public of $55.00 per share.

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Natera, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-098990

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