NEW YORK (GenomeWeb) – Great Basin Scientific announced today that it will no longer pursue a previously announced plan to raise $8 million in equity financing.

The firm has asked the US Securities and Exchange Commission to withdraw its S-1 registration statement connected to the planned financing, as a result. 

Great Basin had intended to raise additional funds when it entered into a convertible note financing last July, saying it anticipated needing the additional funds to finance operations in late 2016 through early 2017.