other material
confidence high
sentiment neutral
materiality 0.70
Context Therapeutics sells 14.7M shares for ~$15M to MPM BioImpact
Context Therapeutics Inc.
- Sold 14,705,882 shares at ~$1.02/share for aggregate gross proceeds of ~$15M.
- Shares purchased by MPM BioImpact LLC under sales agreement with Leerink Partners dated Dec 2, 2024.
- Proceeds expected to fund working capital and general corporate purposes.