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CEL-SCI (CVM) Receives $3 Million From Warrant Exercises



4/29/2014 9:44:57 AM

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VIENNA, Va.--(BUSINESS WIRE)--CEL-SCI Corporation (NYSE MKT: CVM), a late-stage oncology company, today announced that it has received approximately $3 million through the exercise of warrants by investors to purchase the Company's common stock over the past 45 days. These $3 million are in addition to the $10 million raised in a public offering that closed on April 17, 2014. Proceeds from the warrant exercises and the public offering will be used to fund CEL-SCI’s Phase III head and neck cancer clinical trial, other research and development, and general and administrative expenses.

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