Digitization of Financial Markets
Search documents
Tharimmune, Inc. Announces Closing of $55 Million Underwritten Registered Direct Offering
Prnewswire· 2026-01-22 21:12
Core Viewpoint - Tharimmune, Inc. has successfully closed a registered direct offering, raising approximately $55 million to support its digital asset treasury strategy and general corporate purposes [2][3]. Group 1: Offering Details - The offering included the issuance of 1,800,000 shares of common stock at a price of $2.92 per share and pre-funded warrants to purchase up to 17,000,000 shares at a price of $2.9199 per warrant [1][2]. - Clear Street acted as the sole bookrunning manager for the offering, with legal counsel provided by Paul Hastings LLP for Clear Street and Reed Smith for Tharimmune [3]. Group 2: Company Overview - Tharimmune, Inc. is the first publicly traded company to utilize Canton Coin, aiming to enhance institutional blockchain adoption and the digitization of financial markets [6]. - The company operates a differentiated digital asset treasury strategy by participating in the Canton Network, which is a secure blockchain hosting trillions in assets [3][6].
Tharimmune, Inc. Announces Pricing of $55 Million Underwritten Registered Offering
Prnewswire· 2026-01-20 13:45
Core Viewpoint - Tharimmune, Inc. has announced a $55 million registered offering to support its digital asset treasury strategy leveraging the Canton Network, which aims to digitize traditional financial markets [1][2]. Group 1: Offering Details - The offering includes the issuance of 1,800,000 shares of common stock at a price of $2.92 per share and pre-funded warrants to purchase up to 17,000,000 shares at a price of $2.9199 per warrant [2]. - The offering is expected to close on or about January 21, 2026, pending customary closing conditions [2]. Group 2: Company Background - Tharimmune, Inc. is the first publicly traded company to utilize Canton Coin and support the Canton Network, focusing on institutional blockchain adoption and the digitization of financial markets [6]. - The company also engages in clinical-stage biotech research and development [6]. Group 3: Underwriting and Registration - Clear Street is acting as the sole bookrunner for the offering [3]. - The securities are being offered under a shelf registration statement filed with the SEC on January 9, 2026, which became effective on January 16, 2026 [4].
Tharimmune, Inc. Statement on DTCC's Initiative to Tokenize U.S. Treasury Securities on the Canton Network
Prnewswire· 2025-12-18 13:15
Core Insights - Tharimmune, Inc. is the first publicly traded company to utilize Canton Coin to enhance the Canton Network's capability in digitizing traditional financial markets [1][5] - The partnership between DTCC and Digital Asset Holdings aims to tokenize U.S. Treasury securities, representing a significant advancement in blockchain adoption within institutional finance [2][3] Group 1: Institutional Adoption of Blockchain - The collaboration with DTCC signifies a structural shift towards on-chain financial systems, with over $30 trillion in U.S. Treasury assets currently held by DTCC, presenting a unique opportunity for treasury and repo transactions on-chain [2][4] - The Canton Network offers programmable privacy, allowing market participants to achieve instantaneous settlement while maintaining confidentiality regarding trade identities, which is crucial for institutional adoption [3][4] Group 2: Transaction Volume and Growth Strategy - The Canton Network has achieved a monthly transaction volume of $9 trillion, with over 700,000 daily transactions, indicating a robust and growing ecosystem [4] - Tharimmune's digital asset treasury strategy, initiated with a $545 million private placement, aims to support the Canton Network's expansion and long-term development, including acquiring Canton Coin and pursuing roles as a Super Validator [4]