GMDA - Gamida gets $25M debt financing commitment from Highbridge Capital
- Gamida Cell ( NASDAQ: GMDA ) said it signed a commitment letter under which certain funds managed by Highbridge Capital Management committed to provide a $25M senior secured, convertible term loan to the company.
- The letter does not represent a definitive credit facility and is subject to certain conditions, including completion of Gamida's ~$20M stock offering , among other things, the company said in a Sept. 28 press release.
- Gamida stock is in the red premarket after pricing the stock offering.
- GMDA -18.88% to $1.59 premarket Sept. 28
For further details see:
Gamida gets $25M debt financing commitment from Highbridge Capital