trending Market Intelligence /marketintelligence/en/news-insights/trending/H3jkG7sKo58_zqF7SfSNhg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Celsion agrees to $1.8M registered direct offering

COVID-19 Pandemic Likely To Cause US Telemedicine Boom

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Celsion agrees to $1.8M registered direct offering

Celsion Corp. agreed to issue about $1.8 million worth of shares to institutional investors in a registered direct offering.

The company will sell a total of about 5.2 million shares for 35 cents apiece. Investors will also receive, for every share acquired in the offering, a warrant with an exercise price of 46 cents per share to purchase 1 share of common stock. Each warrant is exercisable six months following issuance, and will terminate 5.5 years following issuance.

The offering is expected to generate net proceeds of about $1.6 million which will be used for general corporate purposes.

Closing is expected to occur Dec. 23, subject to customary closing conditions.

Rodman & Renshaw, a unit of H.C. Wainwright & Co. LLC is the offering's exclusive placement agent.