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 team was led by Yuta Delarck (Partner), and Baihan Li (Associate), Marcela Barba (Associate), and Michael S. Lee (Partner), Yun Ling (Associate), Diamond Boardley (Associate), and Giulia Piccininni (Associate).
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