Alpha Capital Appointed as Exclusive Financial Advisor to CD8 Technology to Secure Funding Up To $50 Million
PRINCETON JUNCTION, N.J., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Alpha Capital Corp ("Alpha"), a global merchant bank, is pleased to announce that it has been retained as the exclusive financial advisor to CD8 Technology Services, LLC ("CD8 Technology") in connection with financing a real estate facility whose primary focus is developing and manufacturing biologic products for cell therapy. By eliminating barriers to entry, in terms of capital and time to build GMP capabilities at scale, this venture will expedite manufacturing for CD8 Technology's clients.
When completed, CD8 Technology will be among a handful of independent biologic contract manufacturing organizations in the United States. CD8 Technology has committed to providing a turn-key facility to Tevogen Bio (NASDAQ:TVGN) on a first-priority basis for its manufacturing needs to develop off-the-shelf, genetically unmodified T-cell therapeutics to treat infectious disease and cancers. Tevogen announced a $1b+ forecast earlier this month and through this facility, should be able to realize its revenue potential.
Alpha brings a wealth of experience and a proven track record in life sciences and manufacturing. The firm will provide comprehensive advisory services, including capital structuring, valuation, and a full range of financing options to CD8 Technology. "We are excited to be selected by CD8 Technology as their trusted advisor for this transaction. Our team is dedicated to delivering exceptional advisory services and leveraging our extensive industry expertise to achieve CD8 Technology's key objectives," said representatives of Alpha.
For more information, please contact:
Alpha Capital Corp
+ 1 (732) 433-4332
About Alpha Capital
Alpha Capital Corp is a strategy consulting firm and a boutique merchant bank with a strong track record in the manufacturing and IT industries. Key aspects of advisory include merchant banking, mergers and acquisitions, and capital raising. Alpha maintains a primary focuses on the healthcare and hospitality sectors.
Forward Looking Statements
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Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those risks, trends and uncertainties are the Company's ability to raise sufficient capital to carry out the business plans, the long-term efficacy of the business plans, the ability to protect its intellectual property, general economic conditions, and possible decrease in demand for the Company's services, and increased competition.
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