CEL-SCI Announces Pricing Of $7.75M Public Offering Of 3.875M Shares Of Common Stock At $2.00/Share
Portfolio Pulse from Benzinga Newsdesk
CEL-SCI Corporation has announced the pricing of a public offering, aiming to raise $7.75 million through the sale of 3.875 million shares of its common stock, each priced at $2.00.
February 09, 2024 | 1:32 pm
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CEL-SCI Corporation, trading under the symbol CVM, has announced a public offering of 3.875 million shares at $2.00 per share to raise $7.75 million.
Public offerings often lead to a short-term decrease in stock price due to the dilution of existing shares. Given the size of the offering relative to CEL-SCI's market cap, this could have a significant impact. The pricing of the shares at $2.00, depending on the current trading price, might also suggest a discount, which can further pressure the stock price in the short term.
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