SEC Contract Filing

Filing Date: 2025-06-24

Document Content:
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B></B><B><I>Execution</I></B><B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CANDEL THERAPEUTICS, INC. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES PURCHASE AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This<B> </B>Securities Purchase Agreement (the &#147;<B><I>Agreement</I></B>&#148;) is made as of June&nbsp;23, 2025, by and among Candel
Therapeutics, Inc., a Delaware corporation (the &#147;<B><I>Company</I></B>&#148;), and the purchasers whose names and addresses are set forth on the signature pages hereof (each, a &#147;<B><I>Purchaser</I></B>&#148; and, collectively, the
&#147;<B><I>Purchasers</I></B>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, subject to the terms and conditions set forth in this Agreement and pursuant to an
effective registration statement under the Securities Act (as defined below), the Purchasers desire to purchase, severally and not jointly, and the Company has agreed to sell, 3,221,395 shares of the Company&#146;s common stock, par value $0.01 per
share (the &#147;<B><I>Common Stock</I></B>&#148;) at a per share price of $4.67 for aggregate gross proceeds to the Company of $15,043,914.65 (the &#147;<B><I>Financing Amount</I></B>&#148;). </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In
consideration of the mutual covenants contained in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Purchasers hereby agree, severally and not jointly,
as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION&nbsp;1 AUTHORIZATION OF SALE OF SECURITIES. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company has authorized the sale and issuance of shares of its Common Stock to the Purchasers on the terms and subject to the conditions
set forth in this Agreement. The shares of Common Stock that may be sold to the Purchasers hereunder at the Closing (as defined in <U>Section</U><U></U><U>&nbsp;3.1</U>) shall be referred to as the &#147;<B><I>Shares</I></B>.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>SECTION&nbsp;2 AGREEMENT TO SELL AND PURCHASE THE SHARES. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.1 <U>Purchase</U>. At the Closing, the Company will issue, sell and deliver to each Purchaser, and such Purchaser will purchase, severally
and not jointly, from the Company, that number of Shares set forth opposite such Purchaser&#146;s name on <U>Schedule A</U> hereto, for the aggregate purchase price set forth therein (the &#147;<B><I>Purchase Price</I></B>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.2 <U>Definitions</U>. For purposes of this Agreement, in addition to terms otherwise defined herein, the following terms shall have the
following meanings: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) &#147;<B><I>Affiliate</I></B>&#148; means, with respect to any Person, any Person that, directly or indirectly
through one or more intermediaries, controls, is controlled by or is under common control with such Person, as such terms are used in and construed under Rule 405 under the Securities Act. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) &#147;<B><I>Business Day</I></B>&#148; means a day, other than a Saturday or Sunday, on which banks in New York City are open for the
general transaction of business. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) &#147;<B><I>Disclosure Time</I></B>&#148; means, (i)&nbsp;if this Agreement is signed on a day that
is not a Business Day or after 9:00 a.m. (New York City time) and before midnight (New York City time) on any Business Day, 9:01 a.m. (New York City time) on the Business Day immediately following the date hereof and (ii)&nbsp;if this Agreement is
signed between midnight (New York City time) and 9:00 a.m. (New York City time) on any Business Day, no later than 9:01 a.m. (New York City time) on the date hereof. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(d) &#147;<B><I>Law</I></B>&#148; means any federal, state, local or foreign law (including
common law), statute, code, ordinance, rule, regulation, order, judgment, writ, stipulation, action, award, injunction, decree, arbitration award or finding or any other legally enforceable requirement. </P>
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