Arcus Biosciences Inc (RCUS) has released an update to notify the public and investors about the unregistered sales of equity securities.
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The Gilead Financing details referenced earlier pertain to shares sold to Gilead under Section 4(a)(2) of the Securities Act of 1933. The transaction was made with an accredited investor entity.
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For a comprehensive understanding of the announcement, you can read the full document here.