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Accelerate Diagnostics Announces Final Terms of Rights Offering
Date:7/12/2013

ghts issued to a stockholder will be rounded down to the nearest whole number, and no stockholder will receive any shares with respect to fractional rights that are rounded down.

The Company has received a standby commitment from Abeja Ventures, LLC, which is owned by, among other individuals and entities, Lawrence Mehren, John Patience, Jack Schuler and Matthew W. Strobeck, each of whom is a director of the Company.  The standby purchaser has agreed to purchase any and all shares of common stock that are not subscribed for by stockholders in connection with the rights offering.  Upon completion of the rights offering, the Company will receive gross proceeds of approximately $20,000,000 before expenses.  The purpose of this rights offering is to raise equity capital in a cost-effective manner that gives all of the Company's existing stockholders the opportunity to participate on a pro rata basis. The net proceeds of the offering will be used for working capital and specifically to fund the Company's business plan and product commercialization efforts.

A Registration Statement relating to these securities has been filed with the SEC but has not yet become effective.  The securities may not be sold nor may offers to buy be accepted prior to the time the Registration Statement is declared effective.  A copy of the prospectus forming a part of the Registration Statement may be obtained free of charge at the website maintained by the SEC at www.sec.gov or by contacting Steve Reichling at (520) 365-3100.  For questions about the rights offering, including questions about subscription procedures and requests for additional copies of the prospectus once it has been filed, contact Broadridge Corporate Issuer Solutions, Inc. at (855) 793-5068.  Broad
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SOURCE Accelerate Diagnostics, Inc.
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