1.3 million shares offered with half-share warrants at $0.48 per unit
By Devika Patel
Knoxville, Tenn., Feb. 17 – Cel-Sci Corp. settled a $624,000 private placement of units on Feb. 15, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 1.3 million units of one common share and one half-share warrant at $0.48 per unit. Each whole warrant is exercisable at $0.48 until Feb. 15, 2019. The strike price is identical to the Feb. 12 closing share price.
Based in Vienna, Va., Cel-Sci develops treatments for cancer and infectious diseases.
| Issuer: | Cel-Sci Corp.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | $624,000
|
| Units: | 1.3 million
|
| Price: | $0.48
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Feb. 15, 2019
|
| Warrant strike price: | $0.48
|
| Settlement date: | Feb. 15
|
| Stock symbol: | NYSE: CVM
|
| Stock price: | $0.48 at close Feb. 12
|
| Market capitalization: | $65.94 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
