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Reported Earlier, Xilio Therapeutics Closes $50M Public Offering, With Potential To Raise Up To $150M Through Warrant Exercises By 2026

Author: Benzinga Newsdesk | June 06, 2025 02:44am

Total gross proceeds of up to $150.0 million before the end of 2026 if all Series B warrants and Series C warrants are exercised for cash
Xilio may elect to cancel unexercised Series B or Series C warrants proportionately to the amount of non-dilutive capital received, under certain circumstances
Financing co-led by new investors Coastlands Capital and Frazier Life Sciences and included participation from Gilead Sciences, Inc., Logos Capital, Samsara BioCapital and other new and existing investors

Posted In: XLO