other material
confidence high
sentiment neutral
materiality 0.60
ASP Isotopes invests ~$10M in Opeongo, gets right of first offer on medical isotope supply
ASP Isotopes Inc.
- Purchased 4,356,918 Series Seed-1 Preferred shares of Opeongo at $2.2952 per share (approx $10M investment).
- Opeongo is a biotech developing ECM modulators for fibrosis, inflammation, and cancer; co-founded by David Baram and Irit Sagi.
- ASPI secures right of first offer to supply medical isotopes for any Opeongo pharmaceutical product (supply agreement to be negotiated).
- Related party: ASPI CEO Paul Mann designated as Series Seed-1 Director of Opeongo; CMO Todd Wider also a director.