Exhibit 99.1
QuidelOrtho Corporation Announces Pricing of Secondary Offering of Common Stock by the Carlyle Group
SAN DIEGO, CA, November 19, 2024 QuidelOrtho Corporation (Nasdaq: QDEL) (the Company or
QuidelOrtho), a global provider of innovative in vitro diagnostics technologies designed for point-of-care settings, clinical labs and transfusion medicine,
announced today the pricing of the previously announced underwritten secondary offering (the Offering) by Carlyle Partners VI Cayman Holdings, L.P. (the Selling Stockholder) of 8,260,183 shares of the Companys common
stock (Common Stock).
The Selling Stockholder will receive all of the proceeds from the Offering. The Company is not selling any shares of
Common Stock in the Offering and will not receive any proceeds from the Offering.
Goldman Sachs & Co. LLC is acting as the sole underwriter of
the Offering. The Offering is expected to close on November 21, 2024, subject to customary closing conditions.
Goldman Sachs & Co. LLC will
offer the shares of Common Stock to the public at a fixed price, which may be changed at any time without notice.
The Offering is being made pursuant to
an effective shelf registration statement (including a prospectus) filed by the Company with the U.S. Securities and Exchange Commission (SEC). A final prospectus supplement and accompanying prospectus describing the terms of the
Offering will be filed with the SEC, copies of which may be obtained, when available, from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY, 10282, phone number: (866)
471-2526, or by email at prospectus-ny@ny.email.gs.com. These documents may also be obtained free of charge by visiting EDGAR on the SECs website at
www.sec.gov.
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall
there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Cautionary Note Concerning Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are any statement contained herein that is not strictly historical, including, but not limited to, statements
regarding the expected sale of Common Stock by the Selling Stockholder in the Offering. Without limiting the foregoing, the words may, will, would, should, might, expect,
anticipate, believe, estimate, plan, intend, goal, project, strategy, future, continue or similar words, expressions or the
negative of such terms or other comparable terminology are intended to identify forward-looking statements. Such statements are based on the beliefs and expectations of QuidelOrthos management as of today and are subject to significant known
and unknown risks and uncertainties. Actual results or outcomes may differ significantly from those set forth or implied in the forward-looking statements. The factors discussed in QuidelOrthos Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and subsequent reports filed with the SEC, including under Part I, Item 1A, Risk Factors of the Form 10-K,
among others, could cause actual results to differ from those set forth or implied in the forward-looking statements. You should not rely on forward-looking statements as predictions of future events because these statements are based on assumptions
that may not come true and are speculative by their nature. All forward-looking statements are based on information currently available to QuidelOrtho and speak only as of the date hereof. QuidelOrtho undertakes no obligation to update any of the
forward-looking information or time-sensitive information included in this press release, whether as a result of new information, future events, changed expectations or otherwise, except as required by law.
About QuidelOrtho Corporation
QuidelOrtho Corporation
(Nasdaq: QDEL) is a world leader in in vitro diagnostics, developing and manufacturing intelligent solutions that transform data into understanding and action for more people in more places every day.