Tectonic Therapeutic (TECX) Announces $185M Private Placement

Go back to Tectonic Therapeutic (TECX) Announces $185M Private Placement

Tectonic Announces $185 Million Private Placement

February 3, 2025 6:30 AM EST

WATERTOWN, Mass., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Tectonic Therapeutic, Inc. (NASDAQ: TECX) (Tectonic), today announced that it has entered into a securities purchase agreement for a private investment in public equity financing (the PIPE) that is expected to result in gross proceeds of approximately $185.0 million.

Pursuant to the terms of the securities... More