Company: RNAC
Filing Date: 2025-01-08
Form Type: 424B7
Source: 0001140361-25-000634
Chunk: 23

Company: Cartesian Therapeutics, Inc.
Filing Date: 2025-01-08
Form: 424B7
Chunk 23
---
.

On November 13, 2023, we entered into the Merger Agreement, pursuant to which we issued an aggregate of 224,099 shares of our Common Stock and 384,930.724 shares of our Series A Preferred Stock, and the Securities Purchase Agreement pursuant to which we issued and sold 149,330.115 shares of our Series A Preferred Stock for an aggregate purchase price of approximately $60.25 million. Subsequently, 413,470.437 shares of Series A Preferred Stock have been converted into 13,782,324 shares of Common Stock. Each of the remaining outstanding 120,790.402 shares of Series A Preferred Stock is convertible into 33.333 shares of Common Stock, subject to certain beneficial ownership limitations. This prospectus covers the resale or other disposition by the Selling Stockholders or their pledgees, donees, transferees or other successors-in-interest that receive their shares after the date of this prospectus of up to the total number of shares of Common Stock and shares of Common Stock issued or issuable upon the conversion of the Series A Preferred Stock issued to the Selling Stockholders pursuant to the Merger Agreement and Securities Purchase Agreement, as the case may be. Throughout this prospectus, when we refer to the “Selling Stockholders,” we are referring to the purchasers under the Securities Purchase Agreement listed in the table below.

We are registering the Resale Shares to permit the Selling Stockholders and their pledgees, donees, transferees or other successors-in interest that receive their shares after the date of this prospectus to resell or otherwise dispose of the shares in the manner contemplated under “ Plan of Distribution ” herein.

Except as otherwise disclosed herein, the Selling Stockholders do not have, and within the past three years have not had, any position, office or other material relationship with us.

The following table sets forth the names of the Selling Stockholders, the number of shares of our Common Stock owned by the Selling Stockholders (assuming the conversion of all outstanding shares of Series A Preferred Stock held by such Selling Stockholder), the number of shares of our Common Stock that may be offered under this prospectus (which reflects the assumed conversion of all outstanding shares of Series A Preferred Stock) and the number of shares of our Common Stock that will be owned after this offering by the Selling Stockholders assuming all of the Resale Shares registered for resale hereby are sold, in each case as of November 22, 2024.

The Selling Stockholders may sell some, all