Cellectar Biosciences Generates $19.4M, Potential for Additional $73.3M Through New Warrants
Portfolio Pulse from Benzinga Newsdesk
Cellectar Biosciences (NASDAQ:CLRB) has generated $19.4M through the exercise of Tranche B warrants and the purchase of new warrants, with the potential to generate an additional $73.3M if the new warrants are exercised.
July 22, 2024 | 10:52 am
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POSITIVE IMPACT
Cellectar Biosciences has raised $19.4M through the exercise of Tranche B warrants and the purchase of new warrants, with the potential to raise an additional $73.3M if the new warrants are exercised.
The successful exercise of warrants and the purchase of new warrants provide immediate capital of $19.4M and the potential for an additional $73.3M, which strengthens the company's financial position and supports its ongoing clinical development efforts. This is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100