Liminatus Pharma Secures $30 Million MOU for Strategic Growth
Overview of Liminatus Pharma's New Investment
Liminatus Pharma, Inc. (NASDAQ: LIMN) has taken a significant step forward in its journey to innovate in the field of immuno-oncology. The company has signed a Memorandum of Understanding (MOU) with Capital Trust Group, signaling a crucial partnership aimed at financing its research and development efforts. Through an earn-out mechanism, this agreement paves the way for a substantial USD 30 million equity investment, intended to bolster the company’s advanced immunotherapy projects.
Equity Financing Details
The agreement, subject to due diligence and definitions of final agreements, will see Capital Trust Group acquire newly issued shares of Liminatus Pharma. This process must align with Nasdaq's listing rules and comply with U.S. securities laws. The funds from this investment are projected to be available following the approval and effectiveness of a registration statement for reselling the shares.
Timeline for Strategic Cooperation
Both Liminatus and Capital Trust Group anticipate beginning discussions about future strategic cooperation in mid-November. Subject to the signing of definitive agreements, they aim to explore additional opportunities, potentially including innovative financing programs in the digital bond space. This initiative reflects a proactive approach to financing in a rapidly evolving market.
Leadership Insight
Chris Kim, the Chief Executive Officer of Liminatus Pharma, expressed optimism regarding the MOU, stating, "This marks the beginning of a long-term partnership with CTG. The equity financing will strengthen our financial foundation and support our growth objectives in the immunology sector." His confidence underscores the importance of building strategic alliances in today's competitive landscape.
Liminatus Pharma's Core Offerings
Liminatus Pharma is dedicated to advancing the field of immunotherapy, specifically through pioneering novel therapeutics. Their lead product, a proprietary CD47-blockade antibody known as IBA101, is aimed at overcoming challenges posed by earlier immune therapies, particularly concerning solid tumors. This innovative approach positions Liminatus at the forefront of medical advancements, with promising implications for patient care.
About Capital Trust Group
Capital Trust Group, based in New Zealand, is an influential player in investment management and digital finance. Focused on large-scale institutional and blockchain-enabled financing programs, CTG is active in various sectors, including healthcare and energy. Among its notable stakeholders is General Chavalit Yongchaiyudh, who served as the Prime Minister of Thailand and adds a significant level of credibility and vision to the organization.
Connecting with Company Representatives
For further engagement, representatives from both Liminatus Pharma and Capital Trust Group are accessible. Chris Kim can be reached at Liminatus Pharma via email at info@liminatuspharma.com, or by phone at (213) 273-5453. Alternatively, inquiries directed towards Capital Trust Group can be addressed to Wasupit Wises at wises@ctgprime.com or by calling +66 61 7722142.
Frequently Asked Questions
What is the recent development involving Liminatus Pharma?
Liminatus Pharma entered into a MOU with Capital Trust Group for a $30 million equity investment aimed at enhancing its research capabilities.
What is the significance of the MOU?
This MOU symbolizes a strategic alliance that will support Liminatus Pharma's growth in developing advanced immunotherapy therapies.
Who is Capital Trust Group?
Capital Trust Group is an investment management firm based in New Zealand, specializing in digital finance and managing institutional funding across various sectors.
What does the investment entail?
The investment will involve the acquisition of newly issued shares following thorough due diligence and the execution of final agreements.
How does this partnership benefit Liminatus Pharma?
This partnership is expected to strengthen Liminatus Pharma's financial position and facilitate further research and development in immunotherapy.
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