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FATE

Fate Therapeutics

$2.66

-0.09 (-3.27%)

08:07
11/22/16
11/22
08:07
11/22/16
08:07

Fate Therapeutics raises $57M in a private placement

Fate Therapeutics announced that it has entered into a private placement led by Redmile Group LLC with participation from BVF Partners L.P., EcoR1 Capital LLC and Franklin Advisers, Inc. as well as certain individual investors including members of the Company's Board of Directors. Gross proceeds from the private placement are expected to be approximately $57 million dollars. Redmile has agreed to purchase 2,819,549 shares of non-voting Class A Preferred Stock at $13.30 per share, each of which is convertible into five shares of common stock upon certain conditions. The remaining investors have agreed to purchase 7,236,837 shares of common stock at $2.66 per share. The purchase and sale is expected to close on or about November 23, 2016, subject to customary closing conditions.

  • 03

    Dec

FATE Fate Therapeutics
$2.66

-0.09 (-3.27%)

04/11/16
BMOC
04/11/16
INITIATION
Target $4
BMOC
Outperform
Fate Therapeutics initiated with an Outperform at BMO Capital
Target $4.
07/28/16
HCWC
07/28/16
INITIATION
Target $9
HCWC
Buy
Fate Therapeutics assumed with a Buy at H.C. Wainwright
H.C. Wainwright analyst Shaunak Deepak assumed coverage of Fate Therapeutics with a Buy rating and $9 price target.
07/28/16
07/28/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Cray (CRAY) initiated with an Overweight at Pacific Crest. 2. Fate Therapeutics (FATE) assumed with a Buy at H.C. Wainwright. 3. Super Micro Computer (SMCI) initiated with a Sector Weight at Pacific Crest. 4. Stamps.com (STMP) re-initiated with a Buy at Roth Capital. 5. Ormat Technologies (ORA) initiated with a Buy at Roth Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/22/16
ROTH
09/22/16
INITIATION
Target $8
ROTH
Buy
Fate Therapeutics initiated with a Buy at Roth Capital
Roth Capital analyst Mark Breidenbach started Fate Therapeutics with a Buy rating and $8 price target.

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