GAITHERSBURG: MaxCyte Inc., (LSE: MXCT, MXCN), a leading provider of platform technologies for cell engineering, today announced the commencement of an underwritten offering of 12,000,000 shares of common stock at an expected offering price between $11.50 and $13.50 per share.
All shares to be sold in the Offering will be offered by MaxCyte. In addition, MaxCyte intends to grant the underwriters a 30-day option to purchase up to 1,800,000 additional shares of common stock.
MaxCyte has applied to have its common stock listed on the Nasdaq Global Market (“Nasdaq”) under the symbol “MXCT.” Upon completion of the Offering, MaxCyte’s common stock will continue to be admitted to trading on the AIM market of the London Stock Exchange (the “AIM”) under the symbols “MXCT” and “MXCN.” Application will be made for the shares of common stock to be issued at the closing of the Offering to be admitted to trading on AIM.
Cowen, Stifel and William Blair are acting as joint book-running managers for the Offering and as representatives of the underwriters for the Offering. BTIG and Stephens Inc. are also acting as co-managers of the Offering.
MaxCyte is a leading commercial cell-engineering company focused on providing enabling platform technologies to advance innovative cell-based research as well as next-generation cell therapeutic discovery, development and commercialization. MaxCyte’s existing customer base ranges from large biopharmaceutical companies – including all of the top 10, and 20 of the top 25, pharmaceutical companies based on 2020 global revenue – to hundreds of biotechnology companies and academic centers focused on translational research.
MaxCyte has granted 13 strategic platform licenses to commercial cell therapy developers covering more than 75 programs under clinical licenses that are part of the strategic platform licenses. MaxCyte was founded in 1998 and is headquartered in Gaithersburg, Maryland, US.