February 17, 2021 6:23pm
Priced at $2.45 as of the closing dives -$0.07 or -14.65% to $2.37
RDO = 24,906 M shares which had been priced at $2.45 and warrants (12.45 M priced at $2.90)
With gross proceeds of $65 million (before deducting placement agent fees and other offering expenses)
In addition, CLBS also closed on its previously announced an aggregate sale of 1,632,652 shares priced at $2.00 and warrants to purchase up to an aggregate of 816,326 shares of common stock in a non-brokered registered direct offering on the same terms as above.
H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering to the institutional investors.
The Bottom line: WOW, two (2) "raises" in a month's timeframe. My question is ... how do they prop the stock-up post these closely evented offerings - there better be significant and propelling news!