February 12, 2018

FaegreBD Team Advises Underwriter in Public Offerings for Fusion, Leaf Group and Chembio Diagnostics

Faegre Baker Daniels guided Craig-Hallum Capital Group LLC as the sole book-running manager in connection with three public offerings in a week of market turbulence. On February 2, 2018, Fusion, a leading provider of cloud services, priced the sale of $41.4 million of common stock at $3.20 per share. The shares trade on the NASDAQ Capital Market under the symbol "FSNN." Then on February 8, 2018, Leaf Group Ltd., a diversified consumer internet company comprised of several marketplace and media properties, sold $22.0 million of common stock. The shares trade on the NYSE under the symbol "LFGR." Finally, on February 9, 2018, Chembio Diagnostics, Inc., a leader in point-of-care diagnostic tests for infectious diseases, sold $12.0 million of common stock. The shares trade on the NASDAQ Capital Market under the symbol "CEMI."

Jon Zimmerman, the head of FaegreBD’s capital markets practice, together with Morgan Burns, Ben Stacke and Ryan Woessner, led the deal teams for the offerings, along with Elena Simion, Jonny Nemani and Sarah Bartlett.

Please see Fusion's press release here, Leaf Group’s press release here and Chembio Diagnostics’ press release here for more information about the offerings.

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