Celldex (CLDX) Announces up to $175M Share Offering

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Go back to Celldex (CLDX) Announces up to $175M Share Offering

Celldex Therapeutics Announces Proposed Public Offering of Common Stock

July 12, 2021 4:01 PM EDT

HAMPTON, N.J., July 12, 2021 (GLOBE NEWSWIRE) -- Celldex Therapeutics, Inc. (Celldex or the Company) (Nasdaq: CLDX) today announced that it is proposing to offer and sell, subject to market conditions, $175 million of shares of its common stock in an underwritten public offering. Celldex expects to grant the underwriters a 30-day option to purchase up to an additional $26.25 million of shares of common stock offered in the public offering. All of the shares of common stock are being offered by the Company. Celldex intends to use the net proceeds from the offering to continue clinical and... More