TransCode Therapeutics Issues 1.14M Non-Voting Convertible Preferred Shares in Private Placement

Reuters05:54
TransCode <a href="https://laohu8.com/S/LENZ">Therapeutics</a> Issues 1.14M Non-Voting Convertible Preferred Shares in Private Placement

TransCode Therapeutics Inc. said it entered into an exclusive, worldwide, fully paid-up royalty-free license agreement with Unleash Immuno Oncolytics and will make a one-time payment in stock. Unleash will receive 1,136,364 shares of a new series of non-voting convertible preferred stock, convertible into an equal number of TransCode common shares, representing about 6.8% of the company’s fully diluted common stock assuming conversion of all preferred stock outstanding.

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