HARP - Harpoon Therapeutics to Close $100-150 Million Private Placement

2023-10-23 07:52:10 ET

DENVER, Colo., Oct 23, 2023 ( www.247marketnews.com )- Harpoon Therapeutics, Inc. (NASDAQ: HARP) stated, this morning, that it entered into a securities purchase agreement for a private placement in public equity (“PIPE”) financing, led by a leading biotechnology investor associated with one of the largest alternative asset managers, that is expected to result in upfront gross proceeds of approximately $100 million, with up to an additional approximately $50 million of gross proceeds upon cash exercise of warrants, before deducting placement agent fees and offering expenses.

PIPE financing is expected to close on or about October 25, 2023, subject to satisfaction of customary closing conditions, and calls for the Company to issue an aggregate of 17,167,350 shares of its common stock …

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