** Protein sequencing firm Quantum-Si's QSI.O shares fall 5.4% to $4.06 premarket
** Company on Friday priced its $50 mln registered direct offering
** Company sold ~15.6 mln shares to certain institutional investors at $3.20/shr, a 25.4% discount to stock's last close
** QSI plans to use the proceeds for working capital and general corporate purposes
** QSI stock rose 34.3% in 2024
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.