T2 Biosystems: Brutal Dilution Featuring Lincoln Park Will Stifle Any Good News [Seeking Alpha]
T2 Biosystems, Inc. (TTOO)
Last t2 biosystems, inc. earnings: 2/24 04:05 pm
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US:NASDAQ Investor Relations:
investors.t2biosystems.com/phoenix.zhtml?c=253528&p=irol-faq
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Source: Seeking Alpha
T2 Biosystems: Brutal Dilution Featuring Lincoln Park Will Stifle Any Good News Summary TTOO spiked in early trading on Tuesday on excellent news of CMS approval, but don't expect the spike to last. TTOO announced two $30 million financings; one with Canaccord and the second with Lincoln Park Capital. Lincoln Park Capital is a microcap financier that has been involved with numerous deals that saw the stock price tank in exchange for liquidity. A poor balance sheet and heavy burn rate means that TTOO management will have greater incentive to keep the lights on than to protect the share price. Expect heavy dilution. T2 Biosystems, Inc. ( While one might be tempted into believing that TTOO is a contrarian or value play, it recently announced a pair of $30 million financings. One with Canaccord Genuity LLC Lincoln Park Capital Fund, LLC Avoid companies raising funds with Lincoln Park at all costs While it may be tempting for retail shareholders to throw down a few dollars at an exciting m
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TTOO
News
- T2 Biosystems shareholders vote to convert $15M CRG debt into equity [Seeking Alpha]Seeking Alpha
- T2 Biosystems Shareholders Vote for CRG Debt Conversion into EquityGlobeNewswire
- T2 Biosystems Announces Extension of Multi-Year Capital Equipment Supplier Agreement with Vizient, Inc. [Yahoo! Finance]Yahoo! Finance
- T2 Biosystems Announces Extension of Multi-Year Capital Equipment Supplier Agreement with Vizient, Inc.GlobeNewswire
- T2 Biosystems Unveils T2Lyme Launch Plans and Provides Additional Business Updates [Yahoo! Finance]Yahoo! Finance
TTOO
Sec Filings
- 4/22/24 - Form S-1
- 4/19/24 - Form SC
- 4/18/24 - Form 8-K
- TTOO's page on the SEC website