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Biosciences falls on merger with privately held Cartesian Therapeutics","url":"https://stock-news.laohu8.com/highlight/detail?id=2383058669","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2383058669?lang=en_us&edition=fundamental","pubTime":"2023-11-14 01:39","pubTimestamp":1699897185,"startTime":"0","endTime":"0","summary":"** Shares of Selecta Biosciences    drop 7% to 89 cents after announcing merger with private co Cartesian Therapeutics and private financing deal   ** Under deal, Selecta issued to Cartesian shareholders 6.7 mln common shares and 0.38 mln non-voting preferred shares, which are convertible to ~385 mln shares   ** SELB also issued 0.15 mln of preferred stock, convertible to 149.3 mln common shares, worth $60.25 million in private financing    ** SELB has 153.4 mln outstanding common shares - LSEG   ** Co to now be renamed Cartesian Therapeutics and will trade under new ticker RNAC from Tuesday   ** Combined co to have $110 mln at close, including from private funding   ** 5 of 6 brokerages rate the stock \"buy\" or higher, 1 \"hold\"; their median PT is $4   ** Including session's loss, SELB's stock down 20.4% YTD ","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["SELB","BUZZ","RNAC","BK4139"],"gpt_icon":0},{"id":"2383031946","title":"BRIEF-Selecta Biosciences Announces Merger With Cartesian Therapeutics","url":"https://stock-news.laohu8.com/highlight/detail?id=2383031946","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2383031946?lang=en_us&edition=fundamental","pubTime":"2023-11-13 23:04","pubTimestamp":1699887854,"startTime":"0","endTime":"0","summary":"Nov 13 (Reuters) - Selecta Biosciences Inc   :   * SELECTA BIOSCIENCES ANNOUNCES MERGER WITH CARTESIAN THERAPEUTICSSource text for Eikon:    Further company coverage:    ((Reuters.Briefs@thomsonreuters.com;))","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["SELB","RNAC","BK4139"],"gpt_icon":0},{"id":"2383977033","title":"Selecta Biosciences Sets Reverse Merger With Cartesian Therapeutics","url":"https://stock-news.laohu8.com/highlight/detail?id=2383977033","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2383977033?lang=en_us&edition=fundamental","pubTime":"2023-11-13 21:40","pubTimestamp":1699882800,"startTime":"0","endTime":"0","summary":"Selecta Biosciences has combined with fellow clinical-stage biotechnology company Cartesian Therapeutics in an all-stock reverse merger.Selecta on Monday said the deal creates a combined company with a cash balance topping $110 million, including more than $60 million from a private financing led by board member Timothy Springer.Selecta, based in Watertown, Mass., said its shareholders will own about 26.9% of the combined company, which has been renamed Cartesian Therapeutics and will trade under the symbol RNAC starting Tuesday.A reverse merger allows a private company to go public by merging with a listed company at a lower cost than is involved in a traditional initial public offering.Selecta said it expects the combined company will have the resources to support the development of Cartesian's pipeline through the Phase 3 study of lead product candidate, Descartes-08, for the treatment of myasthenia gravis.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["RNAC","SELB","BK4139"],"gpt_icon":0}],"pageSize":4,"totalPage":9,"pageCount":1,"totalSize":33,"code":"91000000","status":"200"}],"@#url:\"https://hq.skytigris.cn/market/plate/belongs/SELB\",params:#limit:6,delay:false,,,undefined,":[]}}