Senti Biosciences (SNTI) Announces Oversubscribed $37.6 Million Private Placement Equity Financing

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Senti Biosciences, Inc. Announces Oversubscribed $37.6 Million Private Placement Equity Financing

December 2, 2024 7:11 AM EST

SOUTH SAN FRANCISCO, Calif., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Senti Biosciences, Inc. (Nasdaq: SNTI) (Senti Bio or the Company), a clinical-stage biotechnology company developing next-generation cell and gene therapies using its proprietary Gene Circuit platform, has entered into a securities purchase agreement with certain existing and new accredited investors to issue and sell an aggregate of 16,713 shares of Series A Convertible Preferred Stock (the Preferred Stock) through a private investment in public equity (the PIPE) financing. Senti Bio anticipates the gross proceeds from the PIPE financing to be approximately $37.6 million, before deducting offering... More