India, May 27 -- Q32 Bio Inc. (QTTB) is trading higher after the company announced a $55 million private placement financing with a group of new and existing institutional investors.
The company said it has entered into a securities purchase agreement to sell 6.725 million shares of common stock at $8.00 per share, along with 150,000 pre-funded warrants priced at $7.9999 each, equal to the share price minus the $0.0001 exercise price. The pre-funded warrants are immediately exercisable and remain outstanding until fully exercised.
Q32 Bio expects to receive approximately $55 million in gross proceeds before fees and expenses, with the financing scheduled to close on May 28, 2026, subject to customary closing conditions. The round is being...