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Replies to post #8209 on Cel Sci Corporation (CVM)
drkazmd65
05/18/16 9:47 AM
#8210 RE: pijoe #8209
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.