Vericel Corp. (VCEL)

[commoncentsinvestor]

Actually realfast it is possible that the ICT $6M is already in the bank. It, of course, wouldn't have shown up in the Q2 numbers as it has always been expected to be paid in Q3. We are already halfway through Q3 so who knows. The deal must still be on because Colangelo just said: “Likewise, the license of our product portfolio to ICT provides an opportunity to develop a global footprint for our product portfolio and to create another potential revenue stream for the company."

Anyway, assuming the $6M is in house or coming shortly, that would give them $20M cash. Then, don't forget this: "Vericel Enters into Expanded $20 Million Credit Facility and Term Loan with Silicon Valley Bank and MidCap Financial Services". https://globenewswire.com/news-release/2016/09/12/871107/0/en/Vericel-Enters-into-Expanded-20-Million-Credit-Facility-and-Term-Loan-with-Silicon-Valley-Bank-and-MidCap-Financial-Services.html

So that makes $40M available before need for dilution. Then they also have the $25M ATM agreement with Cowen wherein they can sell small amounts of stock at market if necessary.

So, it does not appear any major dilution is imminent.