December 11, 2020 1:55pm

SLDB is selling 24,324,320 shares of common stock at a price of $3.70 per share

SLDB was up +$1.71 or +45.9% to $5.48 and fluctuating

Which is expected to close on or about December 15, 2020, subject to the satisfaction of customary closing conditions.


The private placement includes new investors:

Suvretta Capital Management, LLC and Aspire Capital Fund, LLC and existing investors, including RA Capital Management, Perceptive Advisors, LLC, Bain Capital Life Sciences, EcoR1 Capital, LLC, Boxer Capital, and Ikarian Capital, LLC, as well as certain board members and executive officers.

The Company expects to use net proceeds from the private placement to fund research and development expenses, including the advancement of SGT-001, and for working capital and other general corporate purposes.


Barclays acted as the exclusive placement agent to the Company in connection with the private placement.


The Bottom Line: after all its "troubles" and " holds" - there are believers ... my word "lucky".