SELLAS Life Sciences Enters $21M Securities Purchase Agreement With Institutional Investor; Direct Offering Includes 15.8M Shares And Warrants Priced At $1.325 Per Share, Exercisable At $1.20; Expected To Close On August 1, 2024
Portfolio Pulse from Benzinga Newsdesk
SELLAS Life Sciences has entered into a $21 million securities purchase agreement with an institutional investor. The direct offering includes 15.8 million shares and warrants priced at $1.325 per share, exercisable at $1.20. The transaction is expected to close on August 1, 2024.
July 31, 2024 | 12:33 pm
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SELLAS Life Sciences has entered into a $21 million securities purchase agreement with an institutional investor. The direct offering includes 15.8 million shares and warrants priced at $1.325 per share, exercisable at $1.20. The transaction is expected to close on August 1, 2024.
The $21 million securities purchase agreement indicates a significant capital infusion for SELLAS Life Sciences, which could be used for growth and development. The pricing of shares and warrants suggests a favorable valuation, potentially boosting investor confidence and stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100