The Oncology Institute (TOI) Announces $16.5M Private Placement

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Go back to The Oncology Institute (TOI) Announces $16.5M Private Placement

The Oncology Institute Announces $16.5 million Private Placement

March 24, 2025 6:00 AM EDT

CERRITOS, Calif., March 24, 2025 (GLOBE NEWSWIRE) -- The Oncology Institute, Inc. (NASDAQ: TOI) (TOI or the Company), one of the largest value-based community oncology groups in the United States, today announced it has entered into a securities purchase agreement (the Securities Purchase Agreement) with accredited investors for a private placement that is expected to result in gross proceeds of approximately $16.5 million, before deducting placement agent fees and offering expenses (the Private Placement). The Private Placement includes participation from existing investors, as well as members of the Companys management team and Board of Directors and is... More