Alaunos Updates Governance, Ends Cantor Advisory Agreement

Tip Ranks
2026.01.08 13:58
portai
I'm PortAI, I can summarize articles.

Alaunos Therapeutics has terminated its advisory agreement with Cantor Fitzgerald and updated its bylaws to enhance stockholder nomination procedures. The company faces shareholder activism, with a group proposing Gerald W. Bruce for a board seat. Financially, Alaunos reported $1.9 million in cash as of September 30, 2025, and needs new financing by Q1 2026 to continue operations. Spark's analysis rates TCRT stock as Neutral, citing weak financial performance and valuation challenges.