Cellectar Biosciences raises $2.5M via warrant exercise inducement at $0.3041/share

Cellectar Biosciences, Inc.

Gross proceeds ~$2.5M from immediate exercise of 8,301,322 outstanding warrants at $0.3041/share.
Warrants originally issued on June 5, 2020, Oct 25, 2022, and July 21, 2024; no replacement warrants issued.
Closing expected on or about June 6, 2025; Ladenburg Thalmann acting as exclusive placement agent.
Net proceeds for general corporate purposes including working capital and operating expenses.
All shares underlying the warrants are registered or resale-registered with the SEC.

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