Reed Smith Advised Tharimmune on $55 Million Registered Direct Offering

Reed Smith Advised Tharimmune on $55 Million Registered Direct Offering

Global law firm Reed Smith advised Tharimmune, Inc., the first publicly traded company to leverage Canton Coin to support the Canton Network’s ability to digitize traditional financial markets, on the closing of its underwritten registered direct offering. The offering included the issuance of shares of common stock and pre-funded warrants for aggregate gross proceeds of approximately $55 million.

The offering provides Tharimmune with additional growth capital to support the continued expansion and development of its Canton-centric digital asset treasury strategy, as well as additional general working capital. In addition to its activities on the Canton Network, Tharimmune also operates clinical-stage biotech research and development.

Reed Smith previously advised DRW, a diversified trading firm, as a lead investor in Tharimmune’s $545 million private placement supporting the establishment of a Canton Coin treasury strategy.

The Reed Smith deal team was led by Yuta Delarck (Partner, New York) and Baihan Li (Associate/ Capital Markets) and included Marcela Barba (Associate), Michael S. Lee (Partner, New York), Yun Ling (Associate/ New York), Diamond Boardley (Associate, Chicago), and Giulia Piccininni (Associate).

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