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Vermillion Files $50M Shelf Registration

NEW YORK (360Dx) – Vermilion has filed a shelf registration to offer up to $50 million in common stock, preferred stock, debt securities, warrants, rights, and units.

In a filing yesterday with the US Securities and Exchange Commission, the company said it may offer these securities in the same or in separate offerings either directly to purchasers or through underwriters, dealers, or agents, and that proceeds from the sale or sales will be used for general corporate purposes as well as, potentially, for acquisitions and investments in complimentary businesses or technologies.

Vermillion ended Q2 2017 with $6 million in cash and cash equivalents while posting a net loss for the quarter of $2.4 million. That was down from a net loss of $2.7 million the prior quarter and from $3.7 million in Q2 2016.

In Wednesday morning trading on the Nasdaq, Vermillion shares were down 1 percent to $1.39.