Calidi Biotherapeutics Announces Closing of $7.5 Million Public Offering of Common Stock
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Calidi Biotherapeutics Inc. has successfully closed a public offering, raising approximately $7.5 million through the sale of 4,437,869 shares of common stock at $1.69 per share. This funding will support the company's development of targeted antitumor virotherapies.
November 15, 2024 | 9:15 pm
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POSITIVE IMPACT
Calidi Biotherapeutics has raised $7.5 million through a public offering, which could provide the necessary capital to advance its clinical-stage projects. This may positively impact the stock price in the short term as it strengthens the company's financial position.
The successful closing of the public offering provides Calidi Biotherapeutics with additional capital, which is crucial for a clinical-stage biotech company. This financial boost can enhance investor confidence and potentially lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100