Tango Therapeutics shares are trading lower as the stock pulls back after gaining on Wednesday. The company announced a PIPE financing with gross proceeds of $80 million.
Portfolio Pulse from Benzinga Newsdesk
Tango Therapeutics' shares are trading lower following a pullback after the company announced a PIPE financing with gross proceeds of $80 million.
August 10, 2023 | 4:40 pm
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Tango Therapeutics' stock is trading lower after the company announced a PIPE financing with gross proceeds of $80 million.
The announcement of the PIPE financing, despite bringing in $80 million in gross proceeds, seems to have led to a pullback in the stock price. This could be due to investors' concerns about potential dilution of shares or the terms of the financing deal.
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