CARGO Therapeutics Entered Into Security Purchase Agreement For Private Investment With Expectations To Result In Gross Proceeds Of ~ $110.0M
Portfolio Pulse from Benzinga Newsdesk
CARGO Therapeutics has entered into a security purchase agreement for a private investment, which is expected to result in gross proceeds of approximately $110 million.
May 28, 2024 | 12:28 pm
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CARGO Therapeutics has secured a private investment deal expected to generate $110 million in gross proceeds. This influx of capital could be used for expansion, R&D, or other strategic initiatives.
The $110 million investment will provide CARGO Therapeutics with significant capital, likely leading to positive developments such as expansion or increased R&D. This is expected to positively impact the stock price in the short term.
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