other material
confidence high
sentiment neutral
materiality 0.70
CEL-SCI closes $10.8M public offering of common stock and pre-funded warrants
CEL SCI CORP
- Gross proceeds of $10,845,000 from offering of 10,845,000 shares/common stock or pre-funded warrants at $1.00/share.
- Net proceeds to fund continued development of lead cancer drug Multikine and for general corporate purposes.
- Offering closed on July 29, 2024; ThinkEquity acted as sole placement agent.
- Officers and directors subject to 90-day lock-up on company securities.
- Pre-funded warrants exercisable at $0.01 per share and expire when fully exercised.