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Enlivex Management to Host Fireside Chat on December 11 to Discuss RAIN Token Strategy and Allocetra Clinical Development
Globenewswire· 2025-12-04 13:00
Core Insights - Enlivex Therapeutics Ltd. will host a virtual fireside chat on December 11, 2025, to discuss its recent $212 million private placement and future plans [1][2][3] - The company is focusing on advancing the clinical development of Allocetra™, a therapy for osteoarthritis, which affects over 32.5 million Americans and 300 million people globally [5] Company Plans - Shai Novik, Executive Chairman, will provide updates on the digital asset treasury strategy centered around RAIN token accumulation [2] - Enlivex aims to offer investors exposure to RAIN as a primary treasury reserve asset [4] Clinical Development - Allocetra™ is designed to treat osteoarthritis, a prevalent joint disease with significant hospitalization rates in the U.S. [5] - There are currently no FDA or EMA approved medications that can halt or reverse joint damage in osteoarthritis patients [5]
Enlivex Announces Closing of Previously Announced $212,000,000 Private Placement
Globenewswire· 2025-11-26 13:00
Core Insights - Enlivex has implemented the world's first RAIN prediction markets token digital asset treasury strategy through RAIN token accumulation [1][3][7] - The company is focused on the clinical development of Allocetra, a novel therapy for knee osteoarthritis, addressing a significant unmet medical need in a growing market [2][8] Company Developments - Enlivex has closed a $212 million private investment, with plans to utilize the proceeds for the RAIN prediction markets token treasury strategy while maintaining its core business operations [3][7] - Former Italian Prime Minister Matteo Renzi has joined the Board of Directors, emphasizing the importance of responsible innovation and the potential of blockchain technologies [5] RAIN Protocol Overview - RAIN is a decentralized predictions and options protocol built on the Arbitrum network, allowing users to create and trade custom options on various markets [4] - The protocol features a deflationary Buyback & Burn mechanism and aims to be a leading platform for prediction markets, promoting transparency and community participation [4] Market Context - Osteoarthritis affects over 32.5 million Americans and more than 300 million people globally, with a projected increase to 78 million Americans by 2040 [8] - There are currently no FDA or EMA approved medications that can effectively halt or reverse the progression of joint damage in osteoarthritis patients, highlighting a critical need for effective treatments [8]
Microcap Biotech Firm Raises $212M for Prediction Market Token Treasury Strategy
Yahoo Finance· 2025-11-24 13:00
Core Insights - Enlivex Therapeutics is raising $212 million in a private placement to become the first publicly traded U.S. company to adopt a blockchain-based prediction markets token, RAIN, as its main treasury reserve asset [1][3] - The RAIN token operates on the Arbitrum blockchain, enabling users to create and trade prediction markets on real-world events [1][2] - Enlivex plans to use the majority of the funds raised to purchase RAIN tokens, viewing the prediction markets space as a strategic growth area [3] Company Developments - Enlivex has a market cap of $22 million on Nasdaq and aims to integrate RAIN tokens into its treasury management strategy [3] - The company is continuing clinical trials for its lead drug candidate, Allocetra, which targets osteoarthritis, a condition affecting over 30 million Americans [4] - Matteo Renzi, former Prime Minister of Italy, is expected to join Enlivex's board following the completion of the deal on November 25 [5] Financial Aspects - The transaction is priced at $1 per share, representing an 11.5% premium over Enlivex's last trading price [5] - Last year, Enlivex's board approved the purchase of up to $1 million in Bitcoin as part of its cash-management strategy [5]
EXCLUSIVE: Enlivex Raises Over $200 Million To Launch First Public Company Prediction Markets Play
Yahoo Finance· 2025-11-24 12:46
Core Insights - Enlivex Therapeutics Ltd. announced a private investment in public equity (PIPE) of 212 million shares at $1.00 per share, representing an 11.5% premium from the previous closing price, expecting gross proceeds of approximately $212 million [1] - The proceeds will be used to implement the first RAIN prediction markets token treasury strategy while maintaining focus on core business operations [2] - Enlivex aims to become the first U.S.-traded public company providing investors exposure to prediction markets following the transaction [4] Financial Details - The PIPE transaction involves 212 million shares priced at $1.00 each, totaling around $212 million in gross proceeds [1] - The funding will be a combination of USD and USDT [1] Business Strategy - Enlivex will utilize the PIPE proceeds to support the RAIN protocol, a decentralized predictions and options platform built on the Arbitrum network [2][3] - RAIN allows users to create and trade custom options on any market, governed by the RAIN token with a deflationary Buyback & Burn mechanism [3] Clinical Development - Enlivex is focused on the late-stage clinical development of Allocetra, a therapy for osteoarthritis, which affects over 32.5 million Americans and more than 300 million people globally [5] - Recent data from the Phase 2a trial of Allocetra showed significant pain reduction and functional improvement in patients with moderate to severe knee osteoarthritis at 6 months [6] Trial Results - Allocetra demonstrated a statistically significant improvement in pain and function at 3 months and 6 months in patients aged 60 and above, with reductions of -26.8 points and -27.8 points respectively compared to placebo [7]