secwatch.observer — SEC 8-K summary
======================================

Issuer:     CARGO Therapeutics, Inc. (—)
CIK:        0001966494
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0001193125-23-277142
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CARGO Therapeutics prices IPO of 18.75M shares at $15; raises ~$281.3M
----------------------------------------------------------------------

- IPO closed at $15.00 per share, selling 18,750,000 shares, gross proceeds approx. $281.3 million.
- Underwriters have 30-day option to purchase up to 2,812,500 additional shares at IPO price less discount.
- Amended charter authorizes 500M common shares and 50M undesignated preferred; creates classified board.
- Stockholders lose right to call special meetings or act by written consent; two-thirds vote required for director removal and bylaw amendments.
- Exclusive forum provisions designate Delaware Chancery Court for derivative/breach of duty claims and federal courts for Securities Act claims.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1966494/000119312523277142/0001193125-23-277142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1966494/000119312523277142/d279450d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-277142

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer