Calidi Biotherapeutics completes $4.25M stock offering, but its stock price drops over 30%.

Calidi Biotherapeutics, a clinical-stage biotech firm, has finalized a $4.25 million public stock offering, issuing 5 million shares at $0.85 each. The funds will be used for general corporate purposes and working capital. Despite the offering, the company's stock fell by over 30% on the announcement. Ladenburg Thalmann & Co. Inc. acted as the exclusive placement agent for the transaction.

2 months ago
7 Articles

Further Reading