RTTNews | Mar 25, 2021 09:44AM EDT

09:43 Thursday, March 25, 2021 (RTTNews.com) - Shares of Certara Inc. (CERT) are rising over 13% Thursday morning, after the company announced the pricing of its underwritten public offering of 10 million shares of its common stock by certain existing stockholders at a price to the public of $25.00 per share.

Additionally, the selling stockholders have granted the underwriters a 30-day option to purchase up to 1,500,000 additional common shares. Certara noted that it is not selling any shares and will not receive any proceeds from the sale of shares in the offering by the selling stockholders. The offering is expected to close on or about March 29, 2021, subject to customary closing conditions.

The stock, which has been trading in the range of $24.90 - $41.79 for the past one year, is currently trading at $29.08, up $3.46 or 13.51%, with trading volume rising over 808K versus an average volume of 603K shares.

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