Pyxis Oncology, Inc. (Nasdaq: PYXS), a clinical-stage company developing next-generation therapeutics for difficult-to-treat cancers, has announced that it has entered into definitive securities purchase agreements for a private placement expected to result in gross proceeds of approximately US$50 million, before deducting placement agent fees and offering expenses, and an additional approximately US$64 million of gross proceeds if the accompanying warrants are exercised in full for cash.
Latham & Watkins LLP represented the placement agent in the transaction with a Capital Markets team led by New York partner Nathan Ajiashvili, with associates Katie Mehary and Jenny Li.
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