Cleveland BioLabs: Down on discounted stock offering

Statera Biopharma

19/02/2021 18:50

** Biopharma co's shares  CBLI.O  slide 23.6% to $7.29
    ** Co to sell 2 mln shares of its common stock at $7 per
share in a registered direct offering; representing a 26.7%
discount to last close  urn:newsml:reuters.com:*:nACSCsDSPa
    ** Gross proceeds from the offering are expected to be ~$14
million
    ** The closing of the offering is expected around Feb. 23 
    **H.C. Wainwright & Co. is acting as the exclusive placement
agent for the offering
    ** Up to last close, stock nearly doubled YTD 

 (Reporting by Rithika Krishna in Bengaluru)
 ((Rithika.Krishna@thomsonreuters.com;))