On May 7, 2024, Zenas BioPharma, Inc. closed the transaction. The transaction co-led by new investors, SR One Capital Management, LP, New Enterprise Associates, Inc., NVP Associates, LLC, Delos Advisors Limited also included participation from 26 investor sincluding new investors,Enavate Sciences, Longitude Capital Management Co., LLC, Federated Hermes, Inc., ArrowMark Colorado Holdings, LLC, and returning investors, Fairmount Funds Management LLC, Wellington Management Company LLP, Rock Springs Capital Management LP, Pivotal BioVenture Partners LLC, Vivo Capital, LLC, Quan Venture Fund I, L.P., a fund managed by Quan Capital, and Superstring Capital Management LP. As a part of the transaction, Jake Nunn of SR One Capital Management, LP, and Tim Xiao of Delos Advisors Limited joined the company Board of Directors.