Obsidian completes merger with Galera, closes $350M PIPE; H1 net loss $45.5M

Gazelle Parent, Inc.

Merger closed July 31, 2026; Obsidian and Galera now subsidiaries of Gazelle Parent, Inc.
Concurrent PIPE financing raised ~$350M gross proceeds, funding operations for next 12 months.
H1 2026 net loss $45.5M; R&D expenses $37.3M, down from $44.1M YoY.
Cash, equivalents, and marketable securities $34.4M at June 30, 2026 (pre-PIPE).
Lead candidate OBX-115 in Phase 2 for melanoma and Phase 1 for NSCLC.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.