In a recent transaction involving Vor Biopharma Inc. (NASDAQ:VOR), well-known investor Reid Hoffman, through Reprogrammed Interchange LLC, acquired a significant number of shares. The December 30, 2024 purchase included 38,974,101 common shares. In addition, Hoffman acquired warrants for 48,717,626 shares, exercisable at a price of $0.838 per share, with each share purchased being accompanied by a warrant to purchase 1.25 shares. Time is significant, as InvestingPro data shows that the stock has made strong returns over the past three months, despite falling 11.8% in the past week.
The acquisition was made at a combined purchase price of $0.99425 per share and accompanying warrant. The transactions reflect Hoffman’s continued interest and investment in Vor Biopharma, a Cambridge, Massachusetts-based company focused on developing innovative therapies in the life sciences sector. According to InvestingPro analysis, the company maintains a strong liquidity position with a current ratio of 4.69, although it is currently experiencing rapid cash loss.
The securities are held by Reprogrammed Interchange LLC, where Hoffman has shared control and an indirect pecuniary interest. However, he disclaims beneficial ownership except to the extent of his pecuniary interest.
This significant acquisition underscores Hoffman’s confidence in Vor Biopharma’s potential, as he remains a major shareholder in the company.
In other recent news, Vor BioPharma raised $55.6 million through a private placement, issuing approximately 55.9 million shares of common stock and warrants to purchase approximately 69.8 million shares. The funds are expected to expand the company’s financial support by publishing updated data from the VBP301 and VBP101 trials in 2025. Vor BioPharma also announced plans to publish updated clinical data from these trials next year.
Vor BioPharma recently appointed Han Choi as its new Chief Financial Officer, who brings more than 25 years of experience in investment management, business development and corporate strategy within the pharmaceutical and biotechnology sectors. The company also reported positive data from its Phase 1/2 study VBP101, which evaluated the treatment candidate, trem-cel, in combination with Mylotarg for patients with acute myeloid leukemia. The news was met with approval from HC Wainwright and Baird, who both maintained their positive ratings on the company’s shares.
Additionally, Vor BioPharma released preliminary pharmacokinetic data for VCAR33ALLO, another product in the pipeline, and announced a new preclinical agent, VADC45, which targets a protein associated with various blood cancers. However, the company has been notified of breach of Nasdaq’s minimum bid price rule, with a deadline of 2025 to raise its share price above $1.00 for at least ten consecutive business days. These are the latest developments on Vor BioPharma’s path.
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