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Great Basin Scientific, Inc. Announces Final Closing of Public OfferingSALT LAKE CITY, March 6, 2015 /PRNewswire/ -- Great Basin Scientific, Inc., (NASDAQ: GBSN and GBSNU), announced today that it has completed the second and final closing of a follow-on offering with respect to 172,035 units at $8.80 per Unit for gross proceeds of $1.5 million. In total, the Company sold 2,724,000 units at $8.80 per Unit for gross proceeds of $24.0 million and net proceeds of $21.8 million. Each unit consists of one share of Series E preferred stock and eight Series C warrants. Each share of Series E preferred stock will be convertible into four shares of common stock and each Series C warrant will be exercisable into one share of common stock at an exercise price of $2.55 per share. The Units will automatically separate into the Series E preferred stock and Series C warrants on August 25, 2015, provided that the Units will separate earlier if at any time after March 27, 2015 the closing price of Great Basin's common stock is greater than $4.00 per share for 20 consecutive trading days. The Units are listed on The Nasdaq Capital Market under the ticker symbol "GBSNU." Dawson James Securities, Inc. served as the sole underwriter for the offering. Copies of the complete final prospectus related to the offering may be obtained from Dawson James Securities, Inc., Attention: Prospectus Department, 1 North Federal Highway, 5th Floor, Boca Raton, FL 33432, [email protected] or toll free at 866.9280928. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Great Basin Forward-Looking Statements Media Contact: Investor Relations Contact:
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