other_material
confidence high
sentiment neutral
materiality 0.50
CEL-SCI closes $10M public offering of 1.1M shares at $9.00 each
CEL SCI CORP
- Closed best-efforts offering of 1,111,200 common shares at $9.00 each; gross proceeds ~$10M.
- Placement agent ThinkEquity received 7% cash fee plus up to $185,000 expense reimbursement.
- Net proceeds to fund continued development of Multikine and for working capital.
- Company agreed to 30-day share issuance standstill; officers/directors subject to 45-day lock-up.
- Offering was made under effective Form S-3 shelf registration (File No. 333-288515).
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