CEL-SCI Corporation Completes $10 Million Public Offering to Advance Cancer Immunotherapy Development
Reuters
Aug 30
CEL-SCI Corporation Completes $10 Million Public Offering to Advance Cancer Immunotherapy Development
CEL-SCI Corporation, a clinical stage cancer immunotherapy company, has announced the successful closing of a $10 million public offering. The offering involved the sale of 1,111,200 shares of common stock at a price of $9.00 per share. The company plans to utilize the net proceeds from this offering to further the development of its product, Multikine, as well as for general corporate purposes and working capital. ThinkEquity served as the sole placement agent for the offering. The securities were offered under a shelf registration statement filed with the U.S. Securities and Exchange Commission.
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