CEL-SCI Corporation announced the closing of a best-efforts public offering on August 29, 2025. The offering consisted of 1,111,200 shares of its common stock.
Each share of common stock was sold at a public offering price of $9.00 per share, generating total gross proceeds of approximately $10 million before deducting placement agent fees and other offering expenses.
The company intends to use the net proceeds from this offering to fund the continued development of Multikine, for general corporate purposes, and for working capital. This capital infusion is crucial for supporting its ongoing clinical programs and operations.
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