Vor Biopharma Stock Soars 73% On $175 Mln Private Placement Deal

(RTTNews) - Vor Biopharma Inc. (VOR) jumped 73.16 percent to $0.98 on Thursday after announcing a $175 million private placement financing deal. The agreement will see the company issue prefunded warrants to purchase 700 million shares at $0.25 each.

The stock opened at $1.00 and has traded between $0.7120 and $1.22 on volume of 159.5 million shares, well above its average of 6.9 million on the Nasdaq. Vor's 52-week range spans from $0.1310 to $1.80. Proceeds will support the advancement of its clinical pipeline and general operations.

The PIPE attracted prominent investors including RA Capital, Mingxin Capital, Forbion, Venrock, Caligan Partners, and NEXTBio.