Adagio Medical Holdings Inc. Announces $50 Million Private Placement Led by Perceptive Advisors, Raising $19 Million Upfront with Potential for Additional $31 Million
Reuters
Oct 15
Adagio Medical Holdings Inc. Announces $50 Million Private Placement Led by Perceptive Advisors, Raising $19 Million Upfront with Potential for Additional $31 Million
Adagio Medical Holdings Inc. has announced a private placement of securities expected to generate approximately $19 million in upfront proceeds, with the potential for up to an additional $31 million if accompanying warrants are fully exercised for cash. The financing is led by an affiliate of existing investor Perceptive Advisors, LLC, alongside participation from other healthcare-focused and institutional investors. The company plans to use the net proceeds for working capital and general corporate purposes, including advancing clinical and product development activities. Piper Sandler is acting as the sole placement agent, and Lake Street is serving as financial advisor for the transaction.
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