Great Basin Scientific, Inc. Announces Pricing Of Initial Public Offering

SALT LAKE CITY--(BUSINESS WIRE)--Great Basin Scientific, Inc., DBA Great Basin Corporation, a commercial-stage molecular diagnostics company, today announced the pricing of its firm commitment, underwritten initial public offering of 1,150,000 units, with each unit consisting of one share of common stock and one Series A Warrant. Each Series A Warrant is exercisable for one additional share of common stock and one Series B Warrant, which is exercisable for one share of common stock. All of the units are being offered by Great Basin at an initial public offering price of $7.00 per unit ($1.00 above the previously anticipated $6.00 offer price). The units will not be certificated and the shares of common stock and Series A Warrants may be transferred separately immediately upon issuance. In addition, Great Basin has granted the representative of the underwriters a 45-day option to purchase up to 172,500 additional shares of common stock, and/or 172,500 additional Series A Warrants, or any combination thereof. The company's shares are expected to begin trading on the NASDAQ Capital Market on October 9, 2014 under the ticker symbol “GBSN.”

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