CEL-SCI announces pricing of $2.56M common stock offering

CEL-SCI (CVM) Corporation announced the pricing of a best-efforts offering of 16M shares of its common stock. Total gross proceeds from the offering, before deducting the placement agent’s fees and other offering expenses, are expected to be approximately $2.56M. The offering is expected to close on March 18, subject to satisfaction of customary closing conditions. The company intends to use the net proceeds from the offering to fund the continued development of Multikine, general corporate purposes, and working capital. ThinkEquity is acting as sole placement agent for the offering.