Certara Inc. [NASDAQ: CERT] disclosed the pricing of public offering $10 million of its share of common stock by certain selling shareholders. The firm has set the price of $25.00 per share. CERT has also provided the 30 -day option to underwriters to buy 1,500,000 additional shares of common stock.
Shares of Certara [NASDAQ: CERT] plunged 7.78% as it lost -2.16 during the trading session of Wednesday. The share of the firm went up to $24.90 from its 52-week low and went down $41.79 from its 52-week high. Certara’s share moved up 2.89% from its 52-week low and moved down -38.69% from its 52-week high. CERT has a total market capitalization of $3.86 billion at the time of writing.
The firm has disclosed that it is not selling any shares, nor it will get the profit from the sales of any shares in the offering by the selling shareholders. SEC has unveiled the validity of the registration statement on Form S-1, plus a booklet, concerning these securities. It is anticipated that the offering will be concluded on or about March 29, 2021, dependent on certain execution conditions.