Lisata Therapeutics closes Marea Therapeutics merger and $225M private placement, with pro forma financials
Lisata Therapeutics completed its acquisition of Marea Therapeutics on September 17, 2026, issuing common stock and Series C Non-Voting Convertible Preferred Stock to Marea holders. A concurrent private placement of Series C preferred to institutional investors closed September 18 for about $225.0 million gross. Following stockholder approval and conversion, former Marea holders are expected to own about 59.5% of the combined company, PIPE investors about 38.1% and legacy Lisata holders about 2.4%; the filing presents unaudited pro forma combined financials.
Company's press release (SEC filing): Lisata Therapeutics, Inc. ↗
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