X4 Pharmaceuticals Secures $60M PIPE Financing
Deal News | Aug 13, 2025 | Paul Hastings
Paul Hastings LLP, a leading law firm, advised Stifel in its role as the sole placement agent for X4 Pharmaceuticals' (Nasdaq: XFOR) $60 million private placement in public equity (PIPE) financing. This significant transaction is anticipated to close around August 13, 2025, dependent upon customary closing conditions. The financing will allow X4 Pharmaceuticals to bolster its financial position, enabling continued operations and strategic initiatives. Spearheading the legal advice were Paul Hastings' Equity Capital Markets and Corporate Life Sciences chair Seo Salimi, along with of counsel Ryan Brewer. With a global presence across 17 core practices, Paul Hastings is renowned for its superior execution and client-focused approach in serving top-tier investment banks and corporations worldwide.
Sectors
- Law
- Pharmaceuticals
- Finance
Geography
- United States – The companies and the legal firm involved, such as Paul Hastings, Stifel, and X4 Pharmaceuticals, are based in the United States.
Industry
- Law – The article discusses the role of Paul Hastings LLP, a law firm, in advising on a financial transaction.
- Pharmaceuticals – X4 Pharmaceuticals, the target in the financing, operates within the pharmaceutical industry.
- Finance – The transaction involves equity financing, placing it within the financial industry context.
Financials
- $60 million – Amount raised by X4 Pharmaceuticals through PIPE financing.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Paul Hastings LLP | Legal Advisor | Company | Law firm advising Stifel in X4 Pharmaceuticals' PIPE financing. |
| Stifel | Sole Placement Agent | Company | Serves as the sole placement agent in the financing deal for X4 Pharmaceuticals. |
| X4 Pharmaceuticals | Target Company | Company | Engaged in a $60 million PIPE financing with Stifel as the placement agent. |
| Seo Salimi | Equity Capital Markets and Corporate Life Sciences chair | Person | Led the Paul Hastings' team on the transaction. |
| Ryan Brewer | Of Counsel | Person | Part of the Paul Hastings team advising on the transaction. |