General Newsroom Hero 1920x480 (4:1)
Our Work

Latham & Watkins Advises Frequency Therapeutics in US$42 Million Private Placement

July 20, 2020
Capital markets team represented the clinical-stage biotechnology company in the private placement.

Frequency Therapeutics, Inc., a clinical-stage biotechnology company focused on harnessing the body’s innate biology to repair or reverse damage caused by a broad range of degenerative diseases, has announced that it has agreed to sell 2,350,108 shares of its common stock in a private placement to institutional and accredited investors. Institutional investors in the private placement included Wasatch Global, Federated Hermes Kaufmann Funds, RTW Investments, Perceptive Advisors, Driehaus Capital Management, Maven Investment Partners US and Alexandria Venture Investments, in addition to other new and existing investors. The transaction is expected to result in gross proceeds to the Company of approximately US$42.3 million, based on a price of US$18 per share, before deducting placement agent fees and other expenses. The closing of the private placement is subject to customary closing conditions and is expected to occur on July 20, 2020.

Latham & Watkins LLP represented Frequency Therapeutics in the private placement with a capital markets team led by New York partner Nathan Ajiashvili, with associates Jennifer Yoon, Andrew Weitzel, and Michael Casagrande.


    Related Capabilities