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Celsion prices equity offering; shares slip 35%

Feb. 15, 2017 12:11 PM ETImunon, Inc. (IMNN) StockBy: Douglas W. House, SA News Editor
  • Nano cap Celsion (NASDAQ:CLSN -34.7%) slumps on a 24x surge in volume in response to the pricing of its public offering of ~21.7M shares of common stock at $0.23 per share. Buyers will also receive one five-year warrant to purchase 3/4 of a share of common at $0.23 with each share purchased. Closing date is February 21. Net proceeds will fund clinical trials, working capital and general corporate purposes.

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