04:57 PM EDT, 09/12/2024 (MT Newswires) -- Singular Genomics Systems ( OMIC ) said late Thursday it has received a non-binding proposal from Deerfield Management to buy all of its shares not already owned by Deerfield for $10 per share in cash.

Deerfield said in its letter that it plans to invite other major shareholders and existing management to roll over their shares into the new company, Singular said. Singular board's special committee that is evaluating strategic alternative would consider Deerfield's proposal.

There's no assurance that a deal will materialize, whether involving Deerfield or any other party, Singular said.

Singular shares surged past 61% in recent after-hours trading.

Price: 9.12, Change: +3.47, Percent Change: +61.42