RTW funds exercise 1.25M Orchestra BioMed (NASDAQ: OBIO) pre-funded warrants
RTW funds have exercised 1,250,032 pre-funded warrants of Orchestra BioMed (NASDAQ: OBIO) at $0.0001 per share on a cashless basis. This transaction resulted in the issuance of 1,250,000 shares to RTW, with 32 shares withheld to cover the exercise price. Following the exercise, the RTW funds indirectly hold 9,556,095 shares of common stock and 2,386,331 pre-funded warrants, while adhering to a beneficial ownership cap of 19.99%.