Spartan Capital Securities Closes Two Major February Placements Worth Nearly $19M

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Spartan Capital Securities concluded a busy February with significant private placements, raising $3.788 million for Lipella Pharmaceuticals and $15.2 million for Healthcare Triangle. These transactions highlight the firm's expertise in healthcare financing and commitment to supporting innovation and growth.

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2025-12-31 10:40:17

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Investment banking firm Spartan Capital Securities wrapped up a busy February with back-to-back private placements that underscored its growing influence in healthcare financing.

The firm served as sole placement agent for Lipella Pharmaceuticals Inc. (Nasdaq: LIPO) in a $3.788 million raise, providing critical funding for the company’s clinical development programs. Led by CEO Dr. Jonathan Kaufman, Lipella is working to address significant unmet medical needs through its pipeline advancement—a common challenge in the pharma space that capital raises like this help solve.

More impressively, Spartan Capital Securities co-led a $15.2 million placement for Healthcare Triangle Inc. (Nasdaq: HCTI), securing $14.2 million of the total deal. The capital will fuel Healthcare Triangle’s M&A strategy and support its digital transformation initiatives across healthcare and life sciences sectors, focusing on cloud enablement, cybersecurity, and data analytics.

According to John Lowry, CEO of Spartan Capital Securities, the transactions reflect the firm’s ability to match companies with investors: “We remain committed to helping companies secure the capital they need to accelerate innovation and execute growth strategies. These deals showcase our investment banking team’s capability to deliver tailored solutions across different industries.”

The February activity demonstrates Spartan Capital Securities’ expertise in healthcare financing, where capital access remains a critical lever for innovation and expansion. The legal support came from Sichenzia Ross Ference Carmel LLP (representing Spartan Capital in the Lipella deal), Sullivan & Worcester LLP (for Lipella), and additional counsel including RBW Capital Partners LLC and Manatt, Phelps & Phillips, LLP for the Healthcare Triangle placement.

As 2025 progresses, Spartan Capital Securities continues positioning itself as a key player in healthcare-focused investment banking, helping companies navigate the capital markets and achieve long-term strategic objectives.

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