Corporate ActionMay 13, 2026, 04:47 PM
CEL-SCI Raises $7.2M in Public Offering of 6M Shares
AI Summary
CEL-SCI Corporation announced the closing of a public offering on May 13, 2026, selling 6,000,000 shares of its common stock at $1.20 per share. This offering generated gross proceeds of $7.2 million before deducting fees and expenses. The company plans to use the net proceeds to fund the continued development of Multikine, for general corporate purposes, and working capital. ThinkEquity LLC served as the sole placement agent for the offering.
Key Highlights
- Gross proceeds from the public offering totaled $7.2 million.
- The company sold 6,000,000 shares of common stock.
- Shares were offered at a price of $1.20 per share.
- Placement Agent, ThinkEquity LLC, received a 7.0% cash fee.
- Placement Agent was reimbursed up to $150,000 for expenses.
- Company agreed to a 30-day lock-up on further stock issuance.
- Directors and officers agreed to a 45-day lock-up on their holdings.
Price Impact
More from CVM