On December 11, 2018, Fluidigm Corporation (the “Company”) entered into a purchase agreement (the “Purchase Agreement”) with Piper Jaffray & Co. and UBS Securities LLC, as representatives of the several underwriters named therein (collectively, the “Underwriters”), relating to the issuance and sale of 8,150,000 shares of common stock of the Company (the “Underwritten Shares”). BTIG and Janney Montgomery Scott are acting as co-managers. The price to the public in the offering is $6.75 per share and the Underwriters have agreed to purchase the shares of common stock from the Company pursuant to the Purchase Agreement at a price of $6.345 per share. The net proceeds to the Company from this offering are expected to be approximately $51.3 million (or $59.1 million if the underwriters exercise their option to purchase additional shares of our common stock in full), after deducting underwriting discounts and commissions and estimated offering expenses. The Company intends to use the net proceeds of the offering for general corporate purposes, including working capital, capital expenditures and continued research and development with respect to products and technologies, and to fund possible investments in or acquisitions of complementary businesses, products, or technologies. The Company has granted the Underwriters a30-day option to purchase up to an additional 1,222,500 shares of common stock (together with the Underwritten Shares, the “Shares”). The closing of the offering is expected to occur on or about December 14, 2018, subject to the satisfaction of customary closing conditions.
The offering is being made pursuant to the Company’s effective registration statement on FormS-3 (Registration StatementNo. 333-216542) (the “Registration Statement”) previously filed with the Securities and Exchange Commission and a related prospectus included in the Registration Statement, as supplemented by a preliminary prospectus supplement dated December 11, 2018 and a final prospectus supplement dated December 11, 2018.
The Purchase Agreement contains customary representations, warranties and agreements by the Company, customary conditions to closing, indemnification obligations of the Company and the Underwriters, including for liabilities under the Securities Act of 1933, as amended, other obligations of the parties and termination provisions. The representations, warranties and covenants contained in the Purchase Agreement were made only for purposes of such agreement and as of specific dates, were solely for the benefit of the parties to such agreement, and may be subject to limitations agreed upon by the contracting parties. In addition, pursuant to the terms of the Purchase Agreement, the executive officers and directors of the Company have entered into“lock-up” agreements with the Underwriters, which generally prohibit the sale, transfer or other disposition of securities of the Company for a75-day period, subject to certain exceptions.
The foregoing description of the Purchase Agreement is not complete and is qualified in its entirety by reference to the full text of the Purchase Agreement, a copy of which is filed herewith as Exhibit 1.1 to this Current Report onForm 8-K and is incorporated herein by reference. A copy of the opinion of Wilson Sonsini Goodrich & Rosati, Professional Corporation, relating to the legality of the issuance and sale of the Shares in the offering is filed as Exhibit 5.1 to this Current Report onForm 8-K.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
