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Post by iamaverb on Apr 18, 2015 4:34:05 GMT
• Advaxis (NASDAQ:ADXS) has filed to sell up to $200M in common stock through future offerings. No details have been given on the drug developer's plans for any proceeds it might raise.
• Advaxis raised $23M through a February stock offering. It had $30.6M in cash at the end of January, and no debt.
• Shares have fallen to $18.30 AH.
In February to stock closed higher on the next day.
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Post by JHam on Apr 18, 2015 6:21:36 GMT
• Advaxis (NASDAQ:ADXS) has filed to sell up to $200M in common stock through future offerings. No details have been given on the drug developer's plans for any proceeds it might raise. • Advaxis raised $23M through a February stock offering. It had $30.6M in cash at the end of January, and no debt. • Shares have fallen to $18.30 AH. In February to stock closed higher on the next day. It's not a rumor it is true. They filed the shelf today. It is only a shelf not an offering, but I don't think they filed it unless they plan use it at some point. Maybe not the whole $200M though.
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