Calidi Biotherapeutics (CLDI) Exercises $2.1M of Warrants
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Calidi Biotherapeutics Announces Exercise of Warrants for $2.1 Million Gross Proceeds
May 31, 2024 8:51 AM EDTSAN DIEGO--(BUSINESS WIRE)-- Calidi Biotherapeutics, Inc. (Calidi or the Company) (NYSE American: CLDI), a clinical-stage biotechnology company developing a new generation of targeted immunotherapies, today announced the entry into a definitive agreement for the immediate exercise of certain outstanding Series B and C warrants to purchase up to an aggregate of 10,698,000 shares of the Companys common stock at a reduced exercise price of $0.20. The Series B and C warrants, issued in April 2024, have a term of twelve months and four months, respectively. The gross proceeds to the Company from the exercise of... More
