Summary by Moomoo AI
T2 Biosystems, a leader in the rapid detection of sepsis-causing pathogens and antibiotic resistance genes, has filed an amendment to its Form S-1 registration statement with the Securities and Exchange Commission (SEC) on May 6, 2024. The amendment relates to a proposed offering of up to 3,322,259 shares of common stock, along with Pre-Funded Warrants and Series B-1 and Series B-2 Common Warrants to purchase an equal number of shares. The offering is on a 'reasonable best efforts' basis, with no minimum number of securities required to be sold. The company's common stock is listed on the Nasdaq Capital Market under the symbol 'TTOO.' The offering aims to raise capital for working capital and general corporate purposes, including sales and marketing, manufacturing, and clinical development costs. The offering is expected to close on or about May 15, 2024, subject to customary closing conditions.