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MGTA raises cash

Magenta announces private placement worth $86.4M
May 12, 2021 11:11 AM ETMagenta Therapeutics, Inc. (MGTA)By: Jonathan M Block, SA News Editor

Magenta Therapeutics (NASDAQ:MGTA) has announced a private placement of 9.6M shares priced at $9/share for expected gross proceeds of $86.4M.
Institutional investors include Deep Track Capital, TCG X, Great Point Partners, OrbiMed, and Janus Henderson Investors
The closing is expected on May 14.

Magenta shares are up 3.6% to $12.143 in morning trading.


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