NeoGenomics Announces Pricing of $148 Million Offering

May 22, 2019

NeoGenomics, Inc. (NASDAQ: NEO),  a leading provider of cancer-focused genetic testing services, announced on 5/22/19 the pricing of its underwritten public offering of 7,000,000 shares of its common stock at a public offering price of $21.25 per share. Gross proceeds to NeoGenomics from the offering, before deducting the underwriting discounts and commissions and estimated offering expenses payable by NeoGenomics, are expected to be $148,750,000. All shares of common stock to be sold in the offering are being sold by NeoGenomics. In addition, NeoGenomics has granted the underwriters a 30-day option to purchase up to 1,050,000 additional shares of common stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on or about May 24, 2019, subject to the satisfaction of customary closing conditions.

Morgan Stanley, SVB Leerink, and William Blair acted as representatives of the underwriters and book-running managers for the offering. Cantor, Craig-Hallum Capital Group, Needham & Company, Raymond James, and Stephens Inc. acted as co-managers for the offering.

NeoGenomics intends to use the net proceeds from this offering for general corporate purposes. NeoGenomics may use a portion of the net proceeds to acquire or invest in complementary businesses and technologies, although there are no current commitments or agreements with respect to any such transactions.

An automatic shelf registration statement (including a prospectus) relating to the offering of common stock was filed with the Securities and Exchange Commission ("SEC") on May 20, 2019 and became effective upon filing.

NeoGenomics specializes in cancer genetics testing and information services. The Company provides one of the most comprehensive oncology-focused testing menus in the world for physicians to help them diagnose and treat cancer. The Company's Pharma Services division serves pharmaceutical clients in clinical trials and drug development.

The company recently reported 51% revenue in the first quarter of this year. Consolidated gross profit improved by $19.8 million, or 73%. Consolidated operating expenses increased by $19.8 million, or 80%. The company has a market cap of just over $2 billion.



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