secwatch / observer
8-K filed April 11, 2024, 7:59 PM ET ticker CLYM CIK 0001768446
M&A confidence high sentiment neutral materiality 0.80

Eliem to acquire Tenet Medicines in stock deal; raises $120M PIPE at $3.84/share

Climb Bio, Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Climb Bio, Inc. entered into Securities Purchase Agreement with several accredited institutional investors valued at 31,238,282 shares of the Company’s common stock ... at a price of $3.84 per PIPE Share (effective 2024-04-10).

Action
entry
Agreement
equity purchase
Counterparty
several accredited institutional investors
Value
31,238,282 shares of the Company’s common stock ... at a price of $3.84 per PIPE Share
Effective
2024-04-10
Exact text from the filing
On April 10, 2024, the Company entered into a securities purchase agreement (the “Securities Purchase Agreement”) with several accredited institutional investors (the “PIPE Investors”), pursuant to which the Company agreed to issue and sell to the PIPE Investors in a private placement an aggregate of 31,238,282 shares of the Company’s common stock (the “PIPE Shares”), at a price of $3.84 per PIPE Share (the “Private Placement”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Climb Bio, Inc. entered into Agreement and Plan of Merger and Reorganization with Tenet Medicines, Inc. (effective 2024-04-10).

Action
entry
Agreement
merger
Counterparty
Tenet Medicines, Inc.
Effective
2024-04-10
Exact text from the filing
On April 10, 2024, Eliem Therapeutics, Inc. (the “Company”) entered into an Agreement and Plan of Merger and Reorganization (the “Acquisition Agreement”) by and among the Company, Tango Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of the Company (“Transitory Subsidiary”), Tenet Medicines, Inc., a Delaware corporation (“Tenet”), and, solely in his capacity as company equityholder representative, Stephen Thomas.
View on SEC.gov

419 material agreements filed in the last 30 days. Browse all material agreements →

Climb Bio, Inc. filing history →

Source: SEC EDGAR
accession 0001193125-24-092520
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