Top Financing News

The Recap

The best information on capital raises and financing activity in under 5 minutes:

• Vaxcyte (NASDAQ:PCVX) closed $1.5 billion to support the Company's vaccine development pipeline. Vaxcyte is focused on creating high-fidelity vaccines to combat bacterial diseases.

• Applied Digital (NASDAQ:APLD) has closed $160 million to further expand its data center and GPU cloud solutions. The financing, backed by NVIDIA aims to enhance Applied Digital's infrastructure for high-performance computing and AI workloads.

• Goliath Resources (TSX-V: GOT) upsizes flow through placement from $12,750,000 To $14,725,000 with strategic investor Mr. Larry Childress buying 1,000,000 shares.

Vaxcyte announces the closing of its massive $1.5 Billion public offering. The Company is developing broad-spectrum conjugate and protein vaccines to combat bacterial diseases. Their key candidates include VAX-31, a 31-valent pneumococcal vaccine ready for Phase 3 trials, and VAX-24, a 24-valent vaccine in Phase 2 studies for infants. Both aim to improve upon existing vaccines by targeting serotypes associated with high fatality rates and antibiotic resistance. Vaxcyte uses advanced synthetic techniques and its XpressCF™ platform to create complex vaccines efficiently, with a broader pipeline addressing diseases like Group A Strep, periodontal disease, and Shigella.

Applied Digital, a leader in High-Performance Computing (HPC) infrastructure, announced a $160 million private placement financing from institutional and accredited investors, including NVIDIA and Related Companies (One of the most prominent privately-owned real estate company and leader in complex infrastructure and data center development). This strategic investment highlights Applied Digital's strong position in the accelerated compute space and its role in advancing digital infrastructure development.

Goliath has increased its non-brokered flow-through financing from $12.75 million to $14.73 million, with strategic investor Larry Childress purchasing 1 million shares through Childress Family LP. The company has closed $9.56 million in the first tranche of financing, with Singapore-based Global Commodity Group raising its stake in Goliath to 3.5% through a purchase of 1.6 million shares. The final tranche is expected to close in September 2024. Goliath Resources is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia.

Weekly Money Moves (*Note this represents the last two weeks as we missed last week)

Lead Investors

• Liquidia Technologies: $67,500,000 | Biotechnology | Lead Investor: Caligan Partners, HealthCare Royalty Partners

• Imugene: $3,250,000 | Biotechnology | Lead Investor: Precision BioSciences

• Hercules Site Services: $10,505,595 | Construction | Lead Investor: Wasdell Group

• Vuzix: $10,000,000 | Consumer Electronics | Lead Investor: Quanta Computer

• Applied Digital: $160,000,000 | Crypto | Lead Investor: NVIDIA, Related

• Adecoagro: $100,000,000 | Farming | Lead Investor: Tether

• Patanjali Foods: $99,545,310 | Food & Beverage | Lead Investor: GQG Partners

• Perimeter Medical Imaging: $9,952,009 | Health Care | Lead Investor: Social Capital

• Safety Shot: $3,400,000 | Health Care | Lead Investor: Core 4 Capital

• Goliath Resources: $12,750,000 | Mining | Lead Investor: Rob McEwen / Larry Childress

• Sanu Gold: $3,681,750 | Mining | Lead Investor: AngloGold Ashanti, Capital

• Prairie Provident Resources: $8,827,099 | Oil & Gas | Lead Investor: PCEP Canadian Holdco

• Independence Realty Trust: $227,125,000 | Real Estate | Lead Investor: Citi

Do you know of any other lead investors who put capital into the markets this week? We would be happy to feature the transactions, send us an email at [email protected]