Fluidigm (FLDM) Announces Stockholders Approve $250 Million Strategic Capital Infusion

Fluidigm Corporation (Nasdaq: FLDM) today announced that its stockholders have voted to approve all of the proposals related to the previously announced strategic capital infusion from leading life sciences investors Casdin Capital, LLC (“Casdin”) and Viking Global Investors LP (“Viking”).

Dr. Carlos V. Paya, chairman of Fluidigm, said, “On behalf of the Board of Directors, I would like to thank our stockholders for their support of this investment, which is expected to fuel a realization of identified growth and cost opportunities within the Company’s two major platforms, mass cytometry and microfluidics, and pave the way for new growth drivers. Upon closing of the transaction, we are excited to advance our work to further develop transformative biologics, improve revenue and profitability, and enhance stockholder value.”

The final voting results will be reported in a Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission.

Under the terms of the agreement, Casdin and Viking will purchase $225 million in aggregate principal amount of convertible preferred shares. In addition, the aggregate principal amounts outstanding under Fluidigm’s previously announced $25 million convertible term loans with Casdin and Viking will be automatically converted into a number of convertible preferred shares in accordance with the terms of the loan agreements. The transaction remains on track to close, subject to the satisfaction of customary closing conditions, including applicable regulatory approvals. The Company’s name will change to Standard BioTools Inc. in connection with closing, and its common stock will trade on Nasdaq under the symbol “LAB” following the closing.

Advisors

Jefferies LLC is serving as financial advisor to Fluidigm and Wilson Sonsini Goodrich & Rosati, Professional Corporation is serving as legal advisor.

Centerview Partners LLC is serving as financial advisor to Casdin and Viking. Legal advisors are Paul, Weiss, Rifkind, Wharton & Garrison LLP serving Casdin and Kirkland & Ellis LLP serving Viking.

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