M&A
confidence high
sentiment neutral
materiality 0.60
Century Therapeutics files financials of acquired Clade; Clade had $38.6M net loss in 2023
Century Therapeutics, Inc.
- Clade's audited FY2023 net loss $38.6M, accumulated deficit $51.8M as of Dec 31, 2023.
- Clade had $14.2M cash at year-end 2023; going concern doubt noted for next 12 months.
- Unaudited pro forma combined financials for FY2023 filed; acquisition closed April 11, 2024.
- No deal value disclosed in this amendment; prior 8-K on April 11 announced acquisition.