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home / news releases / CYCC - Cyclacel Pharmaceuticals readies stock offering


CYCC - Cyclacel Pharmaceuticals readies stock offering

Cyclacel Pharmaceuticals (CYCC) trades 10.7% down after hours on planning to offer shares for sale in an underwritten public offering; underwriters granted 30-day option to purchase up to an additional 15% of the shares.Offer size, terms not yet disclosed.Net proceeds to be used for supporting the company's growth strategy and for general corporate purposes, including research and development expenses, and capital expenditures.

For further details see:

Cyclacel Pharmaceuticals readies stock offering
Stock Information

Company Name: Cyclacel Pharmaceuticals Inc.
Stock Symbol: CYCC
Market: NASDAQ
Website: cyclacel.com

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