Cel Sci Corporation (CVM)

[drkazmd65]

I am guessing that none of 'us' are particularly surprised by this action since the Arbitration hasn't gone forward yet, and since the company had to be running on fumes as regards operating capital.

CEL-SCI Corporation (NYSE MKT: CVM) today announced it has entered into a definitive agreement with a single healthcare dedicated institutional investor to purchase approximately 10 million shares of its common stock and warrants exercisable for up to approximately 6.66 million shares of its common stock for gross proceeds of $5 million. The warrants will be exercisable six months following the date of issuance, will expire on the fifth anniversary of the initial exercise date and have an exercise price of $0.55 per share. The closing of the offering is expected to take place on or about May 20, 2016, subject to the satisfaction of customary closing conditions.

http://ih.advfn.com/p.php?pid=nmona&article=71515954&symbol=CVM