NEWS
Atara Biotherapeutics Announces $36 Million Registered Direct Offering
Atara Biotherapeutics (Nasdaq: ATRA) has announced a $36 million registered direct offering of common stock and pre-funded warrants. The offering, priced at $8.25 per share, represents a 15% premium to Atara's 7-day volume-weighted average price. Participants include existing top institutional investors and a new strategic investor from a large public biotechnology company. The proceeds will extend Atara's cash runway into 2027, supporting the U.S. BLA approval for tab-cel® and advancement of ATA3219. Greg Ciongoli, founder of Adiumentum Capital Management, will join Atara's Board of Directors. The offering is expected to close around September 5, 2024, subject to customary conditions.
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