CVM CEL SCI CORP
Price Chart
Executive Summary
CEL-SCI Corporation closed a best-efforts public offering of 6,000,000 shares at $1.20 per share, raising $7.2 million in gross proceeds to fund continued development of its lead candidate Multikine and for working capital. The offering represents significant dilution for a micro-cap clinical-stage biotech with no approved products, but provides near-term cash runway extension.
Key Financial Metrics
Actionable Insight
Monitor for clinical trial updates on Multikine as the primary catalyst for any upside. The 30-day lock-up on further issuance provides a temporary floor, but the high dilution and micro-cap status suggest continued volatility. Watch for any subsequent capital raises after the lock-up expires.
Key Facts
- 6,000,000 shares sold at $1.20 per share in a best-efforts public offering
- Gross proceeds of $7,200,000 before placement agent fees and expenses
- Placement agent ThinkEquity received 7.0% cash fee plus up to $150,000 expense reimbursement
- Company subject to 30-day lock-up on further equity issuance; officers/directors subject to 45-day lock-up
- Proceeds to fund continued development of Multikine, general corporate purposes, and working capital
- Market cap is approximately $10M, making the offering size (~$7.2M gross) highly dilutive relative to existing float
Financial Impact
Offering represents approximately 72% of pre-offering market cap in gross proceeds; significant dilution to existing shareholders
Risk Factors
- Substantial dilution to existing shareholders from the 6M share offering
- Clinical-stage company with no approved products; Multikine has not received FDA approval
- Limited cash runway; may require additional financing within 12 months
- Micro-cap stock with low liquidity and high volatility
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001654954-26-004823 |
| Document: cvm_ex991.htm | 0001654954-26-004823 |
| Document: cvm_ex992.htm | 0001654954-26-004823 |
| Document: 0001654954-26-004823-index-headers.html | 0001654954-26-004823 |
| Document: 0001654954-26-004823-index.html | 0001654954-26-004823 |
| Document: 0001654954-26-004823.txt | 0001654954-26-004823 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 14, 2026
29d ago
|
8-K
| $1.43 $1.42 | ▼ −0.70% | ▼ −1.66% | $1.08 (−24.48%) |
|
May 13, 2026
4w ago
|
8-K
| $1.30 $1.45 | ▼ −11.54% | ▼ −12.26% | $1.08 (+16.92%) |
|
May 1, 2026
6w ago
|
S-1/A
| $1.69 $1.41 | ▼ −16.57% | ▼ −19.50% | $1.08 (−36.09%) |
|
Apr 17, 2026
8w ago
|
S-1
| $3.94 $3.26 | ▼ −17.26% | ▼ −18.17% | $1.08 (−72.59%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access