other_material
confidence high
sentiment neutral
materiality 0.60
Alaunos Therapeutics enters $25M equity purchase agreement with Mast Hill Fund
Alaunos Therapeutics, Inc.
- Mast Hill commits to buy up to $25M of common stock over 24 months at Company's discretion.
- Company issued warrant to Mast Hill for 79,900 shares at $4.00 exercise price, 5-year term.
- Minimum put $5K, max $500K per put or 20% of 5-day avg trading volume.
- Shares subject to 4.99% beneficial ownership cap and Nasdaq 19.99% exchange cap unless stockholder approval.
- Registration rights agreement requires filing registration statement within 60 days.
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