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TransCode Therapeutics Announces $1.5 Million Registered Direct Offering of Common Stock Priced At-The-Market under Nasdaq Rules

On February 17, 2023 TransCode Therapeutics, Inc. (Nasdaq: RNAZ) (the "Company"), an RNA oncology company committed to more effectively treating cancer using RNA therapeutics, reported that it has entered into a definitive securities purchase agreement for the purchase and sale of 2,846,300 shares of common stock at a purchase price of $0.527 per share of common stock in a registered direct offering priced at-the-market under Nasdaq rules (Press release, TransCode Therapeutics, FEB 17, 2023, View Source [SID1234627387]).

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H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.

The closing of the offering is expected to occur on or about February 17, 2023, subject to the satisfaction of customary closing conditions. The gross proceeds to the Company from this offering are expected to be approximately $1.5 million, before deducting the placement agent’s fees and other offering expenses payable by the Company.

The shares of common stock described above are being offered by the Company pursuant to a "shelf" registration statement on Form S-3 (File No. 333-268764) previously filed with the Securities and Exchange Commission (the "SEC") on December 13, 2022 and declared effective by the SEC on December 16, 2022. The offering of the shares of common stock is made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A final prospectus supplement and accompanying prospectus relating to the registered direct offering will be filed with the SEC. Electronic copies of the final prospectus supplement and accompanying prospectus may be obtained, when available, on the SEC’s website at View Source or by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022, by phone at (212) 865-5711 or e-mail at [email protected].

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

Sorrento Issues Update to its Previously Issued “FAQ” Regarding the Dividend of Scilex Holding Company Common Stock (Nasdaq: SCLX, “Scilex”)

On February 17, 2023 Sorrento Therapeutics, Inc. (Nasdaq: SRNE, "Sorrento") reported an update to its previously issued "Frequently Asked Questions" document under the "Investors" section of its website at www.sorrentotherapeutics.com regarding its recent dividend to Sorrento stockholders of shares of common stock of Scilex Holding Company previously held by Sorrento (the "Dividend Stock") (Press release, Sorrento Therapeutics, FEB 17, 2023, View Sourcenews-releases/news-release-details/sorrento-issues-update-its-previously-issued-faq-regarding" target="_blank" title="View Sourcenews-releases/news-release-details/sorrento-issues-update-its-previously-issued-faq-regarding" rel="nofollow">View Source [SID1234627386]).

The update to the FAQs provides notice regarding the no lien code added on Scilex (Nasdaq: SCLX) common stock that was distributed as a dividend to Sorrento’s stockholders and provides notice to brokerage firms, banks, dealers and similar organizations listed therein that a dividend confirmation had previously been distributed to such firms by Scilex’s transfer agent (the "Dividend Confirmation"). The update further requests that such firms contact Scilex’s transfer agent if they have not received the confirmation. The update to the FAQs and related annex are included in this press release and can also be found at View Source

NOTICE OF ADDITIONAL RESTRICTION CODE V050I BY CONTINENTAL STOCK TRANSFER & TRUST COMPANY

Effective as of February 17, 2023, Continental Stock Transfer & Trust Company has added the "No Lien Code V505I" that it had previously imposed on the Dividend Stock. Any shares of Dividend Stock held by your brokerage firm, bank, dealer or other similar organization for your benefit now bear only Scilex’s CUSIP number, which is 80880W106. If you are entitled to receive Dividend Stock, please contact your brokerage firm, bank, or other similar organization immediately to confirm that the CUSIP number appears on your brokerage statement with respect to your Dividend Stock.

RESTRICTION CODE V050I

THE SECURITIES ARE NOT SUBJECT TO ANY RIGHT, CHARGE, SECURITY INTEREST, LIEN OR CLAIM OF ANY KIND IN FAVOR OF CONTINENTAL STOCK TRANSFER & TRUST COMPANY ("CONTINENTAL") OR ANY PERSON CLAIMING THROUGH CONTINENTAL AND IF, NOTWITHSTANDING THE FOREGOING, THE SECURITIES BECOME SUBJECT TO ANY SUCH RIGHT, CHARGE, SECURITY INTEREST, LIEN, OR CLAIM OF ANY KIND, YOU WILL BE PROMPTLY NOTIFIED.

NOTICE TO BROKERAGE FIRMS, BANKS, DEALERS AND OTHER SIMILAR ORGANIZATIONS

If your firm, bank or similar organization has not received the Dividend Confirmation that was mailed and emailed to your firm, bank or similar organization, please contact Scilex’s transfer agent immediately to obtain a copy of the Dividend Confirmation.

BIO Europe Spring 2023

On February 17, 2023 Fusion Antibodies reported that it is delighted to be attending this year’s BIO-Europe Spring conference being held in Basel, Switzerland on 20-22nd March 2023 (Press release, Fusion Antibodies, FEB 17, 2023, View Source [SID1234627385]).

BIO-Europe Spring 2023 will gather representatives from the biotech and pharma sectors, expecting over 1,000 companies and more than 2,000 visitors and key decision-makers from across the world.

Our CSO Dr Richard Buick will be attending this event along with Ryan Tough. If you would like to book an appointment to discuss partnering opportunities please get in touch or book an appointment through the partnering platform here.

Find out more about this event here.

VerImmune, Inc. Announces Issuance of Second U.S Patent Protecting Proprietary Technology Platform

On February 17, 2023 VerImmune, Inc. ("VerImmune"), a biotechnology company leading the way in developing virus-inspired particle modalities for cancer treatment, reported the issuance of its second U.S. Patent from the U.S. Patent and Trademark Office (USPTO). The newly issued patent, U.S. Patent No. 11,560,408 entitled "Conjugated virus-like particles and uses thereof as anti-tumor immune redirectors," provides further protection and support for VerImmune’s proprietary technology platform, including the composition of matter and methods of use in treating cancer. The patent is expected to offer protection until at least 2038.

VerImmune’s platform redirects the body’s pre-existing T-cell memory against pathogens to attack cancer and could potentially act against multiple types of cancer due to the near-universal nature of pre-existing responses to childhood vaccines and past infections. As such, this technology has potentially broad treatment applications.

"The issuance of this second patent is a testament to VerImmune’s growing global intellectual property estate, now boasting over 30 patent applications worldwide. This is a key factor in VerImmune’s mission to innovate and optimize the clinical and commercial potential of its assets." said Joshua Wang, Founder and CEO of VerImmune.

Sutro Biopharma Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

On February 17, 2023 Sutro Biopharma, Inc. (Sutro or the Company) (NASDAQ: STRO), a clinical-stage oncology company pioneering site-specific and novel-format antibody drug conjugates (ADCs), reported that on February 15, 2023, the Compensation Committee of Sutro’s Board of Directors granted 90,000 shares of Sutro Biopharma stock options and 130,000 restricted stock units (RSUs) of Sutro common stock (Press release, Sutro Biopharma, FEB 17, 2023, View Source [SID1234627379]). These grants were made as an inducement material to the employees’ acceptance of employment with Sutro and were approved by the Compensation Committee of Sutro’s Board of Directors in accordance with Nasdaq Listing Rule 5635(c)(4).

The RSUs and stock options are subject to the terms and conditions of Sutro’s 2021 Equity Inducement Plan. One-fourth of the total number of shares subject to the RSUs will vest on the one-year anniversary of the employee’s hire date and annually thereafter until fully vested on the fourth anniversary, subject to the employee’s continued service with Sutro on each such vesting date. One-fourth of the total number of shares underlying the stock options will vest on the one-year anniversary of the employee’s hire date and 1/48th of the total number of shares underlying the stock options will vest each month thereafter until fully vested on the fourth anniversary of the employee’s hire date, subject to the employee’s continued service with Sutro on each such vesting date. The stock options have a term of ten years and an exercise price equal to the closing price of Sutro’s common stock on the grant date as reported by The Nasdaq Stock Market.