other material
confidence high
sentiment positive
materiality 0.70
enGene raises $60M via private placement of 6.76M shares at $8.90/share
enGene Therapeutics Inc.
- Gross proceeds ~$60M from sale of 6,758,311 common shares at $8.90/share; expected close Oct 29, 2024.
- Investors include Deep Track Capital, Cormorant Asset Management, Forbion, OrbiMed, Sphera Healthcare, Vestal Point Capital, Venrock Healthcare.
- Net proceeds to fund detalimogene development, pre-commercial activities, DDX platform expansion, and working capital.
- Combined with existing cash, expected to fund operating plan into 2027.
- Leerink Partners, Piper Sandler, Guggenheim, Wells Fargo acted as placement agents.