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BTCC / BTCC Square / Global Cryptocurrency /
Carisma Therapeutics Stock Surges 165% on Merger Update with Ocugen

Carisma Therapeutics Stock Surges 165% on Merger Update with Ocugen

Author:
Global Cryptocurrency
Published:
2025-09-03 01:54:02
19
3
BTCCSquare news:

Carisma Therapeutics (CARM) shares skyrocketed 165% in pre-market trading following updates on its merger with Ocugen's subsidiary OrthoCellix. The biopharmaceutical firm secured commitments for up to $30 million in combined funding, including a $25 million share purchase agreement and a $5 million subscription deal from Ocugen.

CEO Steven Kelly will retain leadership post-merger, with equity incentives tied to the deal's completion. The stock's dramatic rebound comes after a 48.8% YTD decline, fueled by heavy trading volume as investors reposition around the restructuring.

|Square

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