CEL-SCI Prices $10.845M Best-Efforts Offering Of 10.845M Shares And Pre-Funded Warrants At A Price Of $1/Share
Portfolio Pulse from Benzinga Newsdesk
CEL-SCI Corporation has announced a best-efforts offering of 10.845 million shares and pre-funded warrants at $1.00 each, aiming to raise $10.845 million. The offering is expected to close on July 29, 2024.
July 26, 2024 | 3:52 pm
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CEL-SCI Corporation has priced a best-efforts offering of 10.845 million shares and pre-funded warrants at $1.00 each, expected to raise $10.845 million. The offering is set to close on July 29, 2024.
The announcement of a best-efforts offering typically leads to a dilution of existing shares, which can negatively impact the stock price in the short term. The offering price of $1.00 per share may also set a new reference point for the stock's value.
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