- 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.
CEL-SCI announces private $3.5M capital raise at $2/share
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About CVM Stock
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Symbol | Last Price | % Chg |
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CVM | - | - |
CEL-SCI Corporation |