Singular Genomics Systems, Inc. ( OMIC ) shares are trading higher Friday after the company announced it received a non-binding acquisition proposal from Deerfield.

The Details: The company announced that it received the offer after the market closed on Thursday. Deerfield offered to buy all outstanding shares that it does not already own for $10 per share.

Deerfield also said that it aims to invite other major stockholders and current management to rollover their shares of common stock into the new company.

Singular Genomics’ Special Committee handles evaluating strategic alternatives, including the proposal by Deerfield. There is no guarantee that Singular Genomic will accept this offer from Deerfield.

How To Buy Singular Genomics Stock

By now you're likely curious about how to participate in the market for Singular Genomics Sys – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of Singular Genomics Sys , which is trading at $9.47 as of publishing time, $100 would buy you 10.56 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

See Also: Jim Cramer Agrees GameStop Should Consider Operating As A Bank And Labels The Meme Stock As ‘Massively Overvalued’ SPAC

OMIC Price Action: Singular Genomics ( OMIC ) shares are trading 66.7% higher at $9.42, according to data from Benzinga Pro.

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