secwatch.observer — SEC 8-K summary
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Issuer:     Tectonic Therapeutic, Inc. (TECX)
CIK:        0001681087
Form:       8-K
Filed at:   2025-02-03T23:59:59+00:00
Accession:  0001193125-25-018840
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tectonic raises $185M via PIPE of 3.69M shares to fund clinical pipeline
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- Gross proceeds ~$185M; 3,689,465 shares at $50.00 (fund investors) and $54.14 (officer/directors).
- Expected close Feb 5, 2025; net proceeds for TX45, TX2100, discovery platform, and working capital.
- New and existing investors include Adage Capital, Ally Bridge, Deep Track, EcoR1, Farallon, and others.
- TD Cowen, Leerink, Piper Sandler, Wells Fargo acted as placement agents; resale registration to be filed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1681087/000119312525018840/0001193125-25-018840-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1681087/000119312525018840/d843684d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-018840

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