Yumanity Therapeutics to Raise $33.6 Million PIPE Contingent on Completion of Reverse Merger with Proteostasis
PROTEOSTASIS THERAPEUTICS (PTI)
Last proteostasis therapeutics earnings: 3/10 04:36 pm
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US:NYSE Investor Relations:
ir.proteostasis.com/investor-overview
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Source: GlobeNewswire
Leading institutional investors commit $33.6 million through a common stock private investment in public equity (“PIPE”) led by Fidelity Management & Research Company, LLC and Invus Proteostasis plans to adjourn its special meeting of stockholders to December 22, 2020 BOSTON, Mass., Dec. 15, 2020 (GLOBE NEWSWIRE) -- Yumanity Therapeutics, a clinical-stage biopharmaceutical company focused on the discovery and development of innovative, disease-modifying therapies for neurodegenerative diseases, and Proteostasis Therapeutics, Inc. (Nasdaq: PTI) today announced that Proteostasis has entered into a definitive agreement for the sale of its Common Stock in a private placement led by Fidelity Management & Research Company, LLC and Invus and including participation from Sphera Biotech, Stonepine Capital Management, Altium Capital, Ikarian Capital, LLC and Maven Investment Partners US. The private placement is expected to result in gross proceeds to the company of approximately $33.6 mill
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