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Celsion to raise $15M in common stock offering

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Celsion to raise $15M in common stock offering

Celsion Corp. is looking to raise up to $15 million in a common stock offering with Aspire Capital Fund LLC, a Chicago-based investment fund specializing in open market and direct equity investments in public companies.

Under the agreement, Aspire will buy up to 100,000 Celsion common shares per business day within a 24-month period.

In addition, Aspire may increase the number of common shares it will purchase for up to 2 million per business day.

Lawrenceville, N.J.-based Celsion develops and commercializes directed chemotherapy, DNA-mediated immunotherapy and RNA-based therapy products to treat cancer.