Candel Therapeutics Announces $80 Million Proposed Public Offering
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Candel Therapeutics, a biopharmaceutical company, announced an $80 million public offering of its common stock and pre-funded warrants. The offering includes a 30-day option for underwriters to purchase an additional $12 million in shares. The completion and terms of the offering depend on market conditions.
December 12, 2024 | 10:00 pm
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Candel Therapeutics is launching an $80 million public offering of common stock and pre-funded warrants, with an option for underwriters to purchase an additional $12 million. The offering's success depends on market conditions.
The announcement of a public offering typically leads to a short-term decrease in stock price due to dilution concerns. The offering's completion and terms are uncertain, adding to potential volatility.
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