PolyPid Ltd. (PYPD) Announces $16.2M Private Placement at $4.81/sh
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PolyPid Announces Private Placement for $16 Million in Gross Proceeds
January 4, 2024 4:32 PM ESTPETACH TIKVA, Israel, Jan. 04, 2024 (GLOBE NEWSWIRE) -- PolyPid Ltd. (Nasdaq: PYPD) (PolyPid or the Company), a late-stage biopharma company aiming to improve surgical outcomes, today announced that it has entered into a securities purchase agreement for a private placement financing (the PIPE) for $16.2 million in gross proceeds priced at the 5-day volume weighted average price as of January 2, 2024 of $4.81 per share. The PIPE syndicate is comprised of new and existing investors, including participation from new U.S. life sciences-focused investors, DAFNA Capital Management and Rosalind Advisors.
Under the securities purchase agreement, the investors have... More
