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Stock impact report

SELLAS Life Sciences Completes Second Tranche of $10,700,000 Private Placement

SELLAS Life Sciences Group, Inc. (SLS) 
Last sellas life sciences group, inc. earnings: 11/14 04:41 pm Check Earnings Report
Company Research Source: GlobeNewswire
NEW YORK, May 02, 2018 (GLOBE NEWSWIRE) -- SELLAS Life Sciences Group, Inc. (NASDAQ:SLS) (“SELLAS” or “the Company”), a clinical-stage biopharmaceutical company focused on novel cancer immunotherapies for a broad range of cancer indications, today announced the closing of the second tranche of its $10,700,000 private placement transaction. In March 2018, SELLAS entered into a definitive securities purchase agreement to issue shares of its convertible preferred stock and warrants to purchase shares of its common stock in a private placement transaction to a select group of institutional investors, in the United States and Europe. The second tranche of $4,713,000 was received following stockholder approval under Nasdaq Listing Rule 5635(d). The first tranche closed on March 9, 2018 for a total of $5,987,000. In connection with the closing of the second tranche, the Company granted the investors certain registration rights. SELLAS intends to use the net proceeds from the private pla Show less Read more
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