TScan Shares Jump 23% on Securities Purchase Agreement

Dow Jones

2024-12-26

By Denny Jacob

TScan Therapeutics shares jumped 23% in premarket trading after a $30 million registered direct offering.

Shares were trading around $3.58. The stock is down about 50% on the year.

The Waltham, Mass.-based clinical-stage biotechnology company said it entered into a securities purchase agreement with Lynx1 Capital Management and investment fund advised by Lynx1 for the sale of about $30 million of pre-funded warrants to purchase up to an aggregate of 7.5 million shares of its voting common stock at a price of $4 per pre-funded warrant.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

December 26, 2024 09:13 ET (14:13 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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The stock is down about 50% on the year. \n\n\n  The Waltham, Mass.-based clinical-stage biotechnology company said it entered into a securities purchase agreement with Lynx1 Capital Management and investment fund advised by Lynx1 for the sale of about $30 million of pre-funded warrants to purchase up to an aggregate of 7.5 million shares of its voting common stock at a price of $4 per pre-funded warrant. \n\n\n \n\n\n  Write to Denny Jacob at denny.jacob@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 26, 2024 09:13 ET (14:13 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}