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Public offering nets $29.7mm for Mustang Bio

Executive Summary

Mustang Bio Inc. netted $29.7mm through a public offering of 7.9mm common shares (including the overallotment) at $4. The gene/cell therapy firm also recently received $15mm in a venture debt financing signed last month with Horizon Technology; the agreement totals $20mm, and Mustang can draw down the remaining $5mm pending achievement of certain milestones.
Deal Industry
  • Biotechnology
    • Gene Therapy, Cell Therapy
  • Pharmaceuticals
    • Vaccines
Deal Status
  • Final
Deal Type
  • Financing
    • FOPO

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