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

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

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