Candel Therapeutics Announces Pricing of Public Offering
Candel Therapeutics, Inc. (CADL)
Company Research
Source: GlobeNewswire
NEEDHAM, Mass., Dec. 12, 2024 (GLOBE NEWSWIRE) -- Candel Therapeutics, Inc. (“Candel”) (Nasdaq: CADL), a clinical stage biopharmaceutical company focused on developing multimodal biological immunotherapies to help patients fight cancer, today announced the pricing of an underwritten public offering of 10,000,001 shares of its common stock at a price to the public of $6.00 per share and pre-funded warrants to purchase up to an aggregate of 3,333,333 shares of its common stock at a price to the public of $5.99 per pre-funded warrant to purchase one share of the common stock, which represents the per share public offering price for the common stock less the $0.01 per share exercise price for each such pre-funded warrant. The gross proceeds from the offering to Candel are expected to be approximately $80 million, before deducting underwriting discounts and commissions and other offering expenses. The offering is expected to close on or about December 16, 2024, subject to customary closi
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CADL
News
- Candel Therapeutics, Inc. (NASDAQ: CADL) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $19.00 price target on the stock, up previously from $11.00.MarketBeat
- Candel Therapeutics Announces Closing of Public Offering and Full Exercise of the Underwriters' Option to Purchase Additional SharesGlobeNewswire
- Candel Therapeutics Announces $80 Million Proposed Public OfferingGlobeNewswire
- Candel Therapeutics stock up 172% after Phase III prostate cancer success [Yahoo! Finance]Yahoo! Finance
- Market movers: Stocks seeing action on Wednesday - and why [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
CADL
Sec Filings
- 12/18/24 - Form 4
- 12/17/24 - Form SC
- 12/13/24 - Form 4
- CADL's page on the SEC website