On May 14, 2024, T2 Biosystems, Inc., a Delaware-incorporated company, reported the entry into a Material Definitive Agreement with an institutional investor for a private placement. The agreement includes the sale of 1,700,000 shares of common stock, 325,317 pre-funded warrants, and series A and B warrants to purchase up to 2,025,317 shares each, generating gross proceeds of approximately $8.0 million. The pre-funded warrants and common warrants are immediately exercisable, with the series A warrants expiring five and a half years post-issuance and the series B warrants expiring 18 months post-issuance. The company also entered into a Registration Rights Agreement, obligating it to file a registration statement with the SEC by May 29, 2024, for the resale of the shares. Additionally, T2 Biosystems agreed to pay H...Show More

On May 14, 2024, T2 Biosystems, Inc., a Delaware-incorporated company, reported the entry into a Material Definitive Agreement with an institutional investor for a private placement. The agreement includes the sale of 1,700,000 shares of common stock, 325,317 pre-funded warrants, and series A and B warrants to purchase up to 2,025,317 shares each, generating gross proceeds of approximately $8.0 million. The pre-funded warrants and common warrants are immediately exercisable, with the series A warrants expiring five and a half years post-issuance and the series B warrants expiring 18 months post-issuance. The company also entered into a Registration Rights Agreement, obligating it to file a registration statement with the SEC by May 29, 2024, for the resale of the shares. Additionally, T2 Biosystems agreed to pay H.C. Wainwright & Co., LLC a cash fee and management fee totaling 8% of the gross proceeds, along with $85,000 for related expenses, and issued Wainwright designees warrants to purchase up to 141,772 shares of common stock. The securities sold in this private placement have not been registered under the Securities Act and were offered pursuant to an exemption from registration requirements.