Tevogen Bio to Receive $8 Million of Non-Dilutive Grant Funding, Reiterates Efficient Operations
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Tevogen Bio (Nasdaq: TVGN) will receive an additional $8 million in non-dilutive grant funding from KRHP LLC, following a successful evaluation of its progress, particularly in its AI efforts. This funding is expected before the end of the current fiscal quarter.
March 03, 2025 | 6:00 pm
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Tevogen Bio is set to receive $8 million in non-dilutive funding from KRHP LLC, enhancing its financial position without affecting shareholder equity. This funding supports its AI initiatives, potentially accelerating its development projects.
The $8 million non-dilutive funding strengthens Tevogen Bio's financial position without diluting shareholder equity, which is positive for investors. The focus on AI initiatives suggests potential advancements in their technology, likely boosting investor confidence and stock price.
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