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0 0 0 0.0417721518987342 0.0413924050632911 0.020632911392405 0.0126582278481013 0.0126582278481011
Stock impact report

Tevogen Bio Reports First Quarter 2024 Financial Results

Tevogen Bio Holdings Inc. (TVGN) 
Company Research Source: GlobeNewswire
Confirms liability elimination of $94.9 million and discloses $11.3 million of net incomeReports net cash used for operating activities was $2.1 millionReiterates commitment to both patients and shareholders WARREN, N.J., May 29, 2024 (GLOBE NEWSWIRE) -- Tevogen Bio Holdings Inc. (“Tevogen” or “Tevogen Bio”) (Nasdaq: TVGN), a clinical-stage specialty immunotherapy biotech pioneer developing off-the-shelf, genetically unmodified T cell therapeutics in oncology, neurology, and virology, has announced financial results for the fiscal quarter ended March 31, 2024, and filed its quarterly report on Form 10-Q with the Securities and Exchange Commission. As of March 31, 2024, Tevogen has eliminated $94.9 million in balance sheet liabilities as compared to December 31, 2023, by converting convertible promissory notes into shares of common stock. Separately, on May 10, 2024, Tevogen entered into a binding term sheet with an existing investor for a line of credit for up to $36.0 million to Show less Read more
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