Berkeley Lights Inc. sold by Walden Riverwood Ventures: $129.25m- Nov 23
Berkeley Lights Inc sold by Igor Y. Khandros (director)-former chair at Formfactor Inc: $86.66m-Nov 23
from Nov 18
Berkeley Lights : Announces Pricing of Public Offering by Selling Stockholders
Berkeley Lights, Inc., a leader in Digital Cell Biology, today announced the pricing of its previously announced public offering of 3,000,000 shares of common stock to be sold by certain selling stockholders of Berkeley Lights at a public offering price of $86.00 per share. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 450,000 shares of common stock. The offering is expected to close on or about November 23, 2020, subject to the satisfaction of customary closing conditions. The selling stockholders will receive all of the net proceeds from the offering. Berkeley Lights will not receive any proceeds from the offering. J.P. Morgan, Morgan Stanley and Cowen are acting as lead book-running managers for the offering.
Berkeley Lights, Inc. is a Digital Cell Biology company focused on enabling and accelerating the rapid development and commercialization of biotherapeutics and other cell-based products. The Company has developed the Berkeley Lights Platform to provide the advanced environment for rapid functional characterization of single cells at scale. The Berkeley Lights Platform consists of advanced automated systems that analyze live cells using consumables and application and workflow software to deliver robust single cell data. Its platform characterizes the performance of cells relevant to the desired cell-based product early in the process and then connects this phenotypic data to the genetic code for each cell. The Berkeley Lights Platform is a fully integrated, end-to-end solution, comprised of consumables, including its OptoSelect chips and reagent kits, advanced automation systems and advanced application and workflow software.
Split into 2 different transactions from Walden Riverwood
Dr. Igor Y. Khandros founded FormFactor in April 1993 and has served as our Chief Executive Officer and Director since April 1993. He also served as President from April 1993 to November 2004. From 1990 to 1992, Dr. Khandros served as the Vice President of development of Tessera, Inc., a provider of chip scale packaging technology that he co-founded. From 1986 to 1990, he was employed at the Yorktown Research Center of IBM Corporation as a member of the technical staff and a manager. From 1979 to 1985, Dr. Khandros was employed at ABEX Corporation, a casting foundry and composite parts producer, as a research metallurgist and a manager, and he was an engineer from 1977 to 1978 at the institute of Casting Research in Kiev, Ukraine. Dr. Khandros holds a M.S. equivalent degree in a metallurgical engineering from Kiev Politechnic Institute in Kiev, Ukraine, and a Ph.D in metallurgy from Stevens Institute of Technology.
Bio taken from Silicon Valley Open Doors