Tevogen Bio Enters Into Agreement For Up To $50M In Financing To Advance R&D And Clinical Development Efforts; Includes $36M Line Of Credit And Potential $14M Private Placement

6/11/24 3:52:14 PM ET

Biotechnology: Biological Products (No Diagnostic Substances)

Health Care

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Includes $36 million line of credit and potential $14 million private placement

WARREN, N.J., June 11, 2024 (GLOBE NEWSWIRE) -- Tevogen Bio Holdings Inc. ("Tevogen" or "Tevogen Bio") (NASDAQ:TVGN), a clinical-stage specialty immunotherapy biotech pioneer developing off-the-shelf, genetically unmodified T cell therapeutics in oncology, neurology, and virology, following the recent elimination of $94.9 million in balance sheet liabilities, has entered into a definitive agreement for up to $50 million in financing. This formalizes the binding term sheet previously announced May 10, 2024.

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Tevogen Bio CEO Reflects on Public Support, Reaffirms Preserving Shareholder Value Remains His Priority, and Reinforces Options Including a Potential Share Buyback to Support Company Value
WARREN, N.J., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Tevogen Bio ("Tevogen" or "Tevogen Bio Holdings Inc.") (NASDAQ:TVGN), a clinical-stage specialty immunotherapy biotech developing off-the-shelf, genetically unmodified T cell therapeutics to treat infectious disease and cancers, today expresses gratitude to shareholders for their unwavering support and trust in Tevogen Bio and its leadership. The commitment fuels the company's determination to advance its mission of developing accessible, life-saving therapeutics. The company recently announced significant progress through its third quarter financial results for 2024, including, reduction of a net loss by $52.5 million, elimination of nearly
11/21/24 3:59:43 PM ET
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Tevogen Bio Reports Third Quarter 2024 Financial Results; Highlights Significantly Improved Financial Position, Unreported Asset Value on Balance Sheets, Efficient Business Model
Improved operating performance by reducing net loss by $52.5 million; reported net loss of $4.3 million and $56.8 million for the nine months ended September 30, for 2024 and 2023, respectively.Significantly improved financial position by eliminating nearly all of its liabilities; reported $10.5 million as of September 30, 2024, and $99.9 million as of December 31, 2023.$10 billion+, representing Tevogen's IP and product assets based on internal discounted cash flow models, is not reflected on the company balance sheet. Similarly, Tevogen's AI assets, a critical component of its innovation platform, remain unreported on company balance sheet.Sufficient available capital to fund operations fo
11/19/24 4:50:42 PM ET
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Biotechnology: Biological Products (No Diagnostic Substances)
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UPDATE - Tevogen Founder Reflects on Importance of Preserving Shareholder Value While Navigating Growth as it Prepares to File Quarterly Financials
Key Takeaways: Since its founding in 2020, Tevogen Bio has developed a significant asset portfolio, and kept expenditures under $40 million, a fraction of the industry norm.Tevogen's success would not be possible without its passionate team united by a common vision.Founders must navigate the need for capital to fuel growth with a vigilant eye on avoiding equity dilution.Our financing options must consider preserving shareholder value and the potential equity dilution of warrant conversion at a strike price of $11.50 per share which could provide the company with over $200 million. WARREN, N.J., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Tevogen Bio ("Tevogen" or "Tevogen Bio Holdings Inc.") (NAS
11/14/24 5:00:38 PM ET
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Leadership Updates

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Tevogen Bio Announces Appointment of Anthony Tarantino as Patient Advocate to Enhance Community Engagement and Patient Support
WARREN, N.J., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Tevogen Bio ("Tevogen" or "Tevogen Bio Holdings Inc.") (NASDAQ:TVGN), a clinical-stage specialty immunotherapy biotech developing off-the-shelf, genetically unmodified T cell therapeutics to treat infectious disease and cancers, is pleased to announce the appointment of Anthony Tarantino as its new Patient Advocate. Tarantino, a well-known leader in firefighter safety and community advocacy, brings extensive experience in representing and supporting high-risk groups, including first responders. Anthony Tarantino previously served as President of the Newark Fire Officers Union and Legislative Vice President of the Professional Firefighters As
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Ryan Saadi Congratulates Marc Benioff on Receiving the Yale Legend in Leadership Award and Commends Yale School of Management for Recognizing the Importance of Integrating Corporate Success with Social Responsibility
WARREN, N.J., July 08, 2024 (GLOBE NEWSWIRE) -- Ryan Saadi, MD, MPH, founding CEO of Tevogen Bio ("Tevogen") (NASDAQ:TVGN), a clinical-stage specialty immunotherapy biotech pioneer developing off-the-shelf, genetically unmodified T cell therapeutics in oncology, neurology, and virology, congratulates Salesforce CEO Marc Benioff on receiving the Yale Legend in Leadership Award for highlighting that business success must coexist with social prosperity at the bi-annual CEO Summit. The Yale Legend in Leadership Award was created 35 years ago to honor current and former CEOs who serve as living legends to inspire chief executives across industries, sectors, and nations. "I share Marc's belief
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Tevogen Bio Set to Join Russell 3000® Index
WARREN, N.J., June 12, 2024 (GLOBE NEWSWIRE) -- Tevogen Bio Holdings Inc. ("Tevogen" or "Tevogen Bio") (NASDAQ:TVGN), a clinical-stage specialty immunotherapy biotech pioneer developing off-the-shelf, genetically unmodified T cell therapeutics in oncology, neurology, and virology, is set to join the broad-market Russell 3000® Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective at the open of US equity markets on Monday, July 1, according to a preliminary list of additions posted Friday, May 24. The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of Tuesday, April 30, ranking them by total market capitalization. Membershi
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Biotechnology: Biological Products (No Diagnostic Substances)
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Tevogen Bio Enters Into Agreement For Up To $50M In Financing To Advance R&D And Clinical Development Efforts; Includes $36M Line Of Credit And Potential $14M Private Placement

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Recent Analyst Ratings for
$TVGN

$TVGN
Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Chief Financial Officer Desai Kirti bought $2,460 worth of shares (3,000 units at $0.82), increasing direct ownership by 0.03% to 9,699,186 units (SEC Form 4)

Saadi Ryan H. bought $2,000 worth of shares (2,607 units at $0.77), increasing direct ownership by 0.00% to 118,252,659 units (SEC Form 4)

$TVGN
Market Insights

Live Market Insights

Tevogen Bio Issues Letter To Stockholders Highlighting Recent Achievements, Growth Plans, And Consideration Of A Potential Share Buyback; Shares See Volume To The Upside

Tevogen Bio To Discusses Its Genetically Unmodified T Cell Technology For The Treatment of Infectious Diseases, Cancers, And Neurological Disorders With Nasdaq's Kristina Ayanian

Tevogen Bio Filed Registration Statement On Form S-1 On June 21 To Register Issuance Of Previously Disclosed Shares Of Co's Common Stock

$TVGN
Press Releases

Fastest customizable press release news feed in the world

Tevogen Bio CEO Reflects on Public Support, Reaffirms Preserving Shareholder Value Remains His Priority, and Reinforces Options Including a Potential Share Buyback to Support Company Value

Tevogen Bio Reports Third Quarter 2024 Financial Results; Highlights Significantly Improved Financial Position, Unreported Asset Value on Balance Sheets, Efficient Business Model

UPDATE - Tevogen Founder Reflects on Importance of Preserving Shareholder Value While Navigating Growth as it Prepares to File Quarterly Financials

$TVGN
SEC Filings

SEC Form 424B3 filed by Tevogen Bio Holdings Inc.

SEC Form 10-Q filed by Tevogen Bio Holdings Inc.

SEC Form NT 10-Q filed by Tevogen Bio Holdings Inc.

$TVGN
Leadership Updates

Live Leadership Updates

Tevogen Bio Announces Appointment of Anthony Tarantino as Patient Advocate to Enhance Community Engagement and Patient Support

Ryan Saadi Congratulates Marc Benioff on Receiving the Yale Legend in Leadership Award and Commends Yale School of Management for Recognizing the Importance of Integrating Corporate Success with Social Responsibility

Tevogen Bio Set to Join Russell 3000® Index

$TVGN
Financials

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$TVGN
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

$TVGN
Large Ownership Changes

This live feed shows all institutional transactions in real time.

Tevogen Bio Secures $6 Million Series C Preferred Stock Investment

Tevogen Bio Reports Second Quarter 2024 Financial Results, Eliminates Doubt About Company's Ability to Continue as a Going Concern, Eliminates Series B Preferred Shares

Officer Flomenberg Neal sold $1,747,332 worth of shares (1,078,600 units at $1.62), decreasing direct ownership by 20% to 4,254,302 units (SEC Form 4)

Chief Financial Officer Desai Kirti bought $2,460 worth of shares (3,000 units at $0.82), increasing direct ownership by 0.03% to 9,699,186 units (SEC Form 4)

Saadi Ryan H. bought $2,000 worth of shares (2,607 units at $0.77), increasing direct ownership by 0.00% to 118,252,659 units (SEC Form 4)

Amendment: SEC Form SC 13G/A filed by Tevogen Bio Holdings Inc.

Amendment: SEC Form SC 13G/A filed by Tevogen Bio Holdings Inc.

SEC Form SC 13G filed by Tevogen Bio Holdings Inc.

Tevogen Bio Enters Into Agreement For Up To $50M In Financing To Advance R&D And Clinical Development Efforts; Includes $36M Line Of Credit And Potential $14M Private Placement

Chat with this insight

Recent Analyst Ratings for $TVGN

$TVGN Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Chief Financial Officer Desai Kirti bought $2,460 worth of shares (3,000 units at $0.82), increasing direct ownership by 0.03% to 9,699,186 units (SEC Form 4)

Saadi Ryan H. bought $2,000 worth of shares (2,607 units at $0.77), increasing direct ownership by 0.00% to 118,252,659 units (SEC Form 4)

$TVGN Market Insights

Live Market Insights

Tevogen Bio Issues Letter To Stockholders Highlighting Recent Achievements, Growth Plans, And Consideration Of A Potential Share Buyback; Shares See Volume To The Upside

Tevogen Bio To Discusses Its Genetically Unmodified T Cell Technology For The Treatment of Infectious Diseases, Cancers, And Neurological Disorders With Nasdaq's Kristina Ayanian

Tevogen Bio Filed Registration Statement On Form S-1 On June 21 To Register Issuance Of Previously Disclosed Shares Of Co's Common Stock

$TVGN Press Releases

Fastest customizable press release news feed in the world

Tevogen Bio CEO Reflects on Public Support, Reaffirms Preserving Shareholder Value Remains His Priority, and Reinforces Options Including a Potential Share Buyback to Support Company Value

Tevogen Bio Reports Third Quarter 2024 Financial Results; Highlights Significantly Improved Financial Position, Unreported Asset Value on Balance Sheets, Efficient Business Model

UPDATE - Tevogen Founder Reflects on Importance of Preserving Shareholder Value While Navigating Growth as it Prepares to File Quarterly Financials

$TVGN SEC Filings

SEC Form 424B3 filed by Tevogen Bio Holdings Inc.

SEC Form 10-Q filed by Tevogen Bio Holdings Inc.

SEC Form NT 10-Q filed by Tevogen Bio Holdings Inc.

$TVGN Leadership Updates

Live Leadership Updates

Tevogen Bio Announces Appointment of Anthony Tarantino as Patient Advocate to Enhance Community Engagement and Patient Support

Ryan Saadi Congratulates Marc Benioff on Receiving the Yale Legend in Leadership Award and Commends Yale School of Management for Recognizing the Importance of Integrating Corporate Success with Social Responsibility

Tevogen Bio Set to Join Russell 3000® Index

$TVGN Financials

Live finance-specific insights

$TVGN Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

$TVGN Large Ownership Changes

This live feed shows all institutional transactions in real time.

Tevogen Bio Secures $6 Million Series C Preferred Stock Investment

Tevogen Bio Reports Second Quarter 2024 Financial Results, Eliminates Doubt About Company's Ability to Continue as a Going Concern, Eliminates Series B Preferred Shares

Officer Flomenberg Neal sold $1,747,332 worth of shares (1,078,600 units at $1.62), decreasing direct ownership by 20% to 4,254,302 units (SEC Form 4)

Chief Financial Officer Desai Kirti bought $2,460 worth of shares (3,000 units at $0.82), increasing direct ownership by 0.03% to 9,699,186 units (SEC Form 4)

Saadi Ryan H. bought $2,000 worth of shares (2,607 units at $0.77), increasing direct ownership by 0.00% to 118,252,659 units (SEC Form 4)

Amendment: SEC Form SC 13G/A filed by Tevogen Bio Holdings Inc.

Amendment: SEC Form SC 13G/A filed by Tevogen Bio Holdings Inc.

SEC Form SC 13G filed by Tevogen Bio Holdings Inc.

Recent Analyst Ratings for
$TVGN

$TVGN
Insider Purchases

$TVGN
Market Insights

$TVGN
Press Releases

$TVGN
SEC Filings

$TVGN
Leadership Updates

$TVGN
Financials

$TVGN
Insider Trading

$TVGN
Large Ownership Changes