On March 27, 2020 ThermoGenesis Holdings, Inc. (Nasdaq: THMO), a market leader in automated cell processing tools and services in the cell and gene therapy field, reported that it closed its previously announced registered direct offering for the purchase and sale of 1,000,002 shares of the Company’s common stock, at a purchase price of $3.50 per share, which has been priced at-the-market under Nasdaq rules (Press release, Thermogenesis, MAR 27, 2020, View Source [SID1234555954]).

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H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.

The gross proceeds to ThermoGenesis from this offering were approximately $3.5 million, before deducting the placement agent’s fees and other offering expenses payable by ThermoGenesis. The Company intends to use the net proceeds from this offering for working capital and general corporate purposes.

The shares of common stock were offered by ThermoGenesis pursuant to a "shelf" registration statement on Form S-3 (File No. 333-235509) previously filed with the Securities and Exchange Commission (the "SEC") on December 13, 2019 and declared effective by the SEC on January 3, 2020. The offering of the securities was made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A final prospectus supplement and accompanying prospectus relating to the shares of common stock being offered has been filed with the SEC. Electronic copies of the final prospectus supplement and accompanying prospectus may be obtained on the SEC’s website at View Source or by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022, by phone at (646) 975-6996 or e-mail at [email protected].

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.