Cel Sci Corporation (CVM)

[sab63090]

@staticmirror79

Sorry, just got back from outside on this sunny, beautiful day!...HC Wainwright deal with distress situations and find/place monies for their corporate account when other financing is not being used. I think they went over the details pretty well with Geert before committing their own risk capital. They probably also received options with a strike price of $1.75 if you read the details:

In connection with the offering, CEL-SCI will issue approximately 3,900,000 registered shares of common stock at a purchase price of $1.30 per share. Concurrently in a private placement, the Company will issue to the investors warrants to purchase up to 3,900,000 shares of its common stock. For each share of common stock purchased in the registered direct offering, the investors in the private placement will receive from CEL-SCI an unregistered warrant to purchase one share of common stock. The warrants have an exercise price of $1.75 per share, will be exercisable upon the 6 month anniversary of the issue date, and will expire 5.5 years from the issue date.

https://www.businesswire.com/news/home/20180628006071/en/CEL-SCI-Announces-5-Million-Registered-Direct-Offering

Please note the 8K had more details:

CEL-SCI has agreed to pay the Placement Agent a cash commission of 7% of the gross proceeds raised in the offering. CEL-SCI has also agreed to issue warrants to purchase up to 195,000 shares of CEL-SCI’s common stock to the Placement Agent (the “Placement Agent Warrants”) as part of its compensation. The Placement Agent Warrants are subject to a 180-day lock-up and may be exercised at any time on or after January 2, 2019 and on or before June 28, 2023 at a price of $1.625 per share. The Placement Agent also has a twelve-month right of first refusal period, reimbursement of certain expenses in the amount of up to $40,000, indemnification and other customary provisions for transactions of this nature