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CEL-SCI announces private $3.5M capital raise at $2/share

Aug. 23, 2017 9:13 AM ETCEL-SCI Corporation (CVM) StockBy: Douglas W. House, SA News Editor2 Comments
  • CEL-SCI (NYSE:CVM) is poised for an opening gap down in response to its announcement of a private placement of 1.75M shares of common stock at $2 per share. Each share sold will have an accompanying five-year warrant to purchase one share of common at $2.30.
  • Net proceeds will fund a Phase 3 clinical trial and general corporate purposes.
  • Yesterday's close was $2.29.
  • Update: Shares are down 10% premarket.

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