other material
confidence high
sentiment neutral
materiality 0.60
SELLAS closes $18.5M offering; reprices 3.4M warrants to $3.62
SELLAS Life Sciences Group, Inc.
- Closed underwritten offering of 7,220,217 shares and warrants for net proceeds of ~$18.5M.
- Amended 3,438,851 warrants issued April 2022, reducing exercise price from $5.40 to $3.62.
- New exercise price equals average closing price over five trading days before offering pricing.
- Offering and warrant amendments executed on February 28, 2023.