Published: April 13, 2010
Exact Sciences Announces Common Stock Offering
MADISON, Wis. - (BUSINESS WIRE) - Exact Sciences Corp. (Nasdaq: EXAS) announced today that it has
commenced an underwritten public offering of 3,500,000 shares of common
stock. The company intends to grant the underwriter in the offering an
option to purchase up to 525,000 additional shares of common stock at
the same price per share to cover any over-allotments.
The company expects to use the net proceeds from the offering for
general corporate and working capital purposes, including the funding of
strategic initiatives that the company may undertake from time to time,
for product development and the furtherance of the company's efforts to
obtain FDA clearance of its sDNA colorectal cancer screening product.
Robert W. Baird & Co. will act as the underwriter for the offering and
XMS Capital Partners LLC will act as financial advisor for the company
in connection with the offering. The offering is being made only by
means of a prospectus and related prospectus supplement, copies of which
may be obtained from the offices of Robert W. Baird & Co. Incorporated,
777 E. Wisconsin Ave., 28th Floor, Milwaukee, WI 53202-5391, or by
calling 1-800-792-2413. Electronic copies of the prospectus and the
prospectus supplement are available on the Securities and Exchange
Commission's Web site at www.sec.gov.
The shares are being offered pursuant to an effective registration
statement. This news release does not constitute an offer to sell these
securities or a solicitation of an offer to buy these securities, nor
shall there be any sale of these securities in any state or jurisdiction
in which such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Exact Sciences Corp.
Exact Sciences Corp. is a molecular diagnostics company focused on
colorectal cancer. The company has exclusive intellectual property
protecting its non-invasive, molecular screening technology for the
detection of colorectal cancer. Stool-based DNA technology is included
in the colorectal cancer screening guidelines of the American Cancer
Society and the U.S. Multi-Society Task Force on Colorectal Cancer.
Certain statements made in this news release contain forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities and Exchange Act of
1934, as amended, that are intended to be covered by the "safe harbor"
created by those sections. Forward-looking statements, which are based
on certain assumptions and describe our future plans, strategies and
expectations, can generally be identified by the use of forward-looking
terms such as "believe," "expect," "may," "will," "should," "could,"
"seek," "intend," "plan," "estimate," "anticipate," "goal," or other
comparable terms. Forward-looking statements in this news release may
address the following subjects among others: our intended use of
proceeds from the underwritten public offering. Forward-looking
statements involve inherent risks and uncertainties which could cause
actual results to differ materially from those in the forward-looking
statements, as a result of various factors including those risks and
uncertainties described in the Risk Factors and in Management's
Discussion and Analysis of Financial Condition and Results of Operations
sections of our most recently filed Annual Report on Form 10-K, as well
as those risks and uncertainties described in the Risk Factors section
of the prospectus and related prospectus supplement referenced above. We
urge you to consider those risks and uncertainties in evaluating our
forward-looking statements. We caution readers not to place undue
reliance upon any such forward-looking statements, which speak only as
of the date made. Except as otherwise required by the federal securities
laws, we disclaim any obligation or undertaking to publicly release any
updates or revisions to any forward-looking statement contained herein
(or elsewhere) to reflect any change in our expectations with regard
thereto or any change in events, conditions or circumstances on which
any such statement is based.

Maneesh K. Arora
Chief Financial Officer, Exact Sciences Corp.
608-284-5720
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