2023-07-18 01:25:22 ET
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CEL-SCI ( NYSE: CVM ) has priced an underwritten public offering of 2.5 million shares of its common stock at a public offering price of $2.00/share, for gross proceeds of $5 million.
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The stock was down 18.9% at $2.32 after-hours on Monday.
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All of the shares of common stock are being offered by the Company.
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The net proceeds from the offering will be used to fund the continued development of Multikine and for general corporate purposes.
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Offering is expected to close on July 20, 2023.
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More on Multikine
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CEL-SCI spikes after data presentation on lead asset Multikine
For further details see:
CEL-SCI stock dips on pricing $5 million capital raise via stock offering