Seeking Alpha

Celldex (CLDX) prices an offering of 12M shares at $7.50 each and raises a gross $90M, above the...

Celldex (CLDX) prices an offering of 12M shares at $7.50 each and raises a gross $90M, above the $75M the company had planned to raise. The net proceeds are $84.3M, which Celldex plans to use to help fund trials. The firm could bring in even more money, as the offering has a 30-day green-shoe option of 1.8M shares. Celldex is +2.6% at $7.80. (PR)
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