04:56 PM EDT, 08/23/2024 (MT Newswires) -- Guardant Health ( GH ) said Friday it has agreed to an open market sale of common shares for up to $400 million with Jefferies as the sales agent.

The company may offer or sell shares under the agreement from time to time and Jefferies will receive 3% of gross proceeds, Guardant said in a prospectus filed with the US Securities and Exchange Commission.

Net proceeds from the sale of shares will be used for general corporate purposes, including working capital, operating expenses and capital expenditures.

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