RSS Candel Therapeutics Prices Public Offering Of $80 Mln Of Shares

Currently reading:
 RSS Candel Therapeutics Prices Public Offering Of $80 Mln Of Shares

Status
Not open for further replies.

Crax Bot

Staff member
Administrator
Amateur
LV
0
Joined
Nov 5, 2021
Threads
6,209
Likes
1,916
Credits
32,769©
Cash
0$
Candel Therapeutics, Inc. (CADL) has announced the pricing for its underwritten public offering, which includes 10,000,001 shares priced at $6 each, along with pre-funded warrants for an additional 3.333 million shares at $5.99 per warrant. The anticipated gross revenue from this offering stands at approximately $80 million. These funds are earmarked for further development of the company's product pipeline and general corporate activities. The transaction is projected to conclude around December 16. Furthermore, the company has provided underwriters with a 30-day option to acquire up to an additional 2 million shares at the initial public offering price.

The material has been provided by InstaForex Company - www.instaforex.com
 
Status
Not open for further replies.
Tips

Similar threads

Top Bottom