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Update
$Candel Therapeutics (CADL.US)$ Candel Therapeutics Closes Securities Offering to Raise $92 Million
MT Newswires· 4 mins ago
Candel Therapeutics (CADL) closed an offering of 12 million shares at $6 apiece and prefunded warrants to raise $92 million in gross proceed.
The warrants are for purchasing up to 3.33 million shares at $5.99 per prefunded warrant to purchase one share of common stock, the company said late Monday in a statement.
The sale includes 2 million shares sold following the full exercise of the underwriters' option.
Candel intends to use the net proceeds to continue the development of its product candidates, including preparing the submission of a biologics license application for CAN-2409 in prostate cancer.
MT Newswires· 4 mins ago
Candel Therapeutics (CADL) closed an offering of 12 million shares at $6 apiece and prefunded warrants to raise $92 million in gross proceed.
The warrants are for purchasing up to 3.33 million shares at $5.99 per prefunded warrant to purchase one share of common stock, the company said late Monday in a statement.
The sale includes 2 million shares sold following the full exercise of the underwriters' option.
Candel intends to use the net proceeds to continue the development of its product candidates, including preparing the submission of a biologics license application for CAN-2409 in prostate cancer.
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Jenna Ragan :
Trytosaveabit OP Jenna Ragan : Hehehe! Indeed. Now that it’s closed and they have plenty of cash! Hopefully it will be up up and up some more from here! Hehehe
Jenna Ragan Trytosaveabit OP : I bought the dip.
I have over 300 shares. hopefully I get close to 1k shares before the next big news
Trytosaveabit OP Jenna Ragan : Very nice! I hope to see it get way over 14 this next big ups! Hehehe
Trytosaveabit OP Jessica Sanchez01028 : Sorry! Im a bit slow at times! Hehehe. What do you mean by ( Cureb ) hehehe?
Trytosaveabit OP Jessica Sanchez01028 : Sorry I should’ve added! “I want to know” so I may respond!