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Tectonic Announces $185 Million Private Placement
TECXTectonic Therapeutic, Inc.(TECX) Newsfilter·2025-02-03 19:30

WATERTOWN, Mass., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Tectonic Therapeutic, Inc. (NASDAQ:TECX) ("Tectonic"), today announced that it has entered into a securities purchase agreement for a private investment in public equity financing (the "PIPE") that is expected to result in gross proceeds of approximately 185.0 million.Pursuanttothetermsofthesecuritiespurchaseagreement,attheclosingofthePIPE,Tectonicwillissueanaggregateof3,689,465sharesofcommonstockatapriceof185.0 million. Pursuant to the terms of the securities purchase agreement, at the closing of the PIPE, Tectonic will issue an aggregate of 3,689,465 shares of common stock at a price of 50.00 per share t ...