m_and_a
confidence high
sentiment positive
materiality 0.70
ASP Isotopes invests $5M in IsoBio for Series Seed-1 Preferred Stock
ASP Isotopes Inc.
- ASP Isotopes acquired 2M shares of IsoBio Series Seed-1 Preferred at $2.50/share for $5M total.
- IsoBio is a radiotherapeutic developer focused on antibody-isotope conjugates (AICs) for cancer.
- IsoBio was co-founded by Bruce Turner, M.D., PhD, former Roche executive and co-leader of Immunome merger.
- ASP Isotopes gets one board seat (CEO Paul Mann), veto rights over major actions, and antidilution protection.
- Related parties: CEO Paul Mann and director Todd Wider hold IsoBio stock; both are parties to voting and ROFR agreements.
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