March 22, 2017 4:43pm

 

BLCM closed DOWN -$1.47 at $12.90 Thursday, having been UP +$0.46 to $14.37 and is DOWN -$0.16 or -1.24% in the aftermarket

 

 


 

BLCM has commenced an underwritten public offering of 5 M shares of its common stock at $12.00 per share.

 

Bellicum expects to grant the underwriters of the offering a 30-day option to purchase up to an additional 750 K shares of its common stock at the public offering price, less the underwriting discounts and commissions.

Citigroup and Jefferies are acting as lead book-running managers for the offering.

 

The Bottom Line: be prepared for further depreciation and an offering price discount - SELL until after the offering is completed as it will bebound on cash position with minimal dilution