Telesis Bio Secures Financing Of $28M; Up To Additional $46.2M Available Through Warrant Exercise
Portfolio Pulse from Benzinga Newsdesk
Telesis Bio has secured $28 million in financing through a private placement of redeemable convertible preferred stock, with a syndicate of healthcare-focused institutional investors. The deal also includes warrants that could provide an additional $46.2 million if exercised.
May 31, 2023 | 9:32 pm
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Telesis Bio has secured $28 million in financing, with the potential for an additional $46.2 million through warrant exercise, which could positively impact the company's financial position.
The secured financing of $28 million, along with the potential for an additional $46.2 million through warrant exercise, will provide Telesis Bio with significant funds to support its operations and growth. This news is likely to be seen as positive by investors, potentially leading to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100