Creative Medical Technology Holdings Inc (CELZ)

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As of yesterday’s low, deduct ANOTHER -50%

0:02a ET 12/3/2021 - Dow Jones
Creative Medical Shares Drop 40% After Public Offering Prices
Mentioned: CELZ

By Chris Wack

Creative Medical Technology Holdings Inc. shares were down 40% to $2.89 Friday after the company priced an underwritten public offering of about 3.9 million common shares and accompanying warrants to buy up to 3.9 million shares at a combined public offering price of $4.13.

The warrants have a per share exercise price of $4.13, are exercisable immediately, and expire five years from the date of issuance.

The proceeds from the offering are expected to total about $16 million, Creative Medical said.

The offering is expected to close on or about Tuesday, subject to customary closing conditions. The company has granted the underwriters of the offering a 45-day option to purchase up to 581,250 additional shares and/or additional warrants to purchase up to 581,250 shares to cover over-allotments, if any.

Creative Medical shares closed Thursday's session up 17%.

Write to Chris Wack at [e-mail]

(END) Dow Jones Newswires

December 03, 2021 10:02 ET (15:02 GMT)
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