Cel-Sci shares are trading lower after the company announced pricing of a $7.75 million public offering of 3.875 million shares of common stock at $2 per share.
Portfolio Pulse from Benzinga Newsdesk
Cel-Sci announced a public offering of 3.875 million shares at $2 per share, totaling $7.75 million, causing its shares to trade lower.
February 09, 2024 | 3:59 pm
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Cel-Sci's stock is trading lower following the announcement of a $7.75 million public offering at $2 per share.
Public offerings often lead to a decrease in stock price due to the dilution of existing shares. Cel-Sci's announcement of a public offering at a price that may be perceived as lower than the current market value could lead to a short-term negative impact on its stock price.
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