TScan Therapeutics' stock surged after securing a $30 million deal, extending its cash runway to 2027.

TScan Therapeutics' stock rose 16.8% premarket after agreeing to a $30 million financing deal with Lynx1 Capital Management LP. The deal, priced at a 37% premium, involves selling up to 7.5 million shares of common stock in the form of pre-funded warrants. This financing, set to close by December 27, 2024, will extend TScan's cash resources into 2027, supporting its mission to develop TCR-T cell therapies for cancer patients.

3 months ago
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