Calidi Biotherapeutics Unveils Strategic $4.25 Million Offering

Calidi Biotherapeutics Announces Strategic Offering

Calidi Biotherapeutics, Inc. (NYSE AMERICAN: CLDI), a pioneering biotechnology firm committed to developing targeted immunotherapies, has set the stage for a substantial public offering. The company has priced its latest offering of 5,000,000 shares of common stock at $0.85 per share, amounting to an estimated total of $4.25 million in gross proceeds.

Expected Completion and Financial Details

Although the closing of the offering is anticipated to occur soon, it is contingent upon the fulfillment of standard closing conditions. This offering is significant for Calidi, as the funds raised will be directed towards essential operational costs and broader corporate activities, ensuring that the company can continue its innovative work in the field of immuno-oncology.

Ladenburg Thalmann & Co. Inc. is serving as the exclusive placement agent for this offering, which underscores the confidence in Calidi's potential and its commitment to advancing its therapeutic platforms.

Utilization of Funds

The financial backing from this public offering will primarily support working capital requirements and general corporate purposes. This strategic move represents Calidi's drive to bolster its research efforts and development of immunotherapeutic solutions tailored for challenging cancer cases, including high-grade gliomas and other solid tumor indications.

Innovative Technology at Calidi

Calidi Biotherapeutics stands at the forefront of immuno-oncology, leveraging its unique technology that enables the immune system to combat cancer more effectively. Their approach harnesses allogeneic stem cells capable of delivering oncolytic viruses, a method shown to enhance the effectiveness of treatments while prioritizing patient safety.

About the Technology

Calidi's platforms are designed to amplify the effects of oncolytic viruses, leading to better treatment outcomes. Their innovative solutions are not only aimed at treating established tumors but also present the possibility of preventing metastatic disease, offering hope for improved survival rates among cancer patients.

Research and Development Focus

Ongoing research initiatives at Calidi highlight the company's commitment to developing game-changing therapies that stockpile oncolytic viruses into cell lines. Their work within the clinical phase aims to optimize these therapies to ensure they meet rigorous safety and efficacy standards.

Corporate Profile of Calidi Biotherapeutics

Founded with a mission to impact cancer therapy, Calidi Biotherapeutics operates at the intersection of biotechnology and patient care. With its headquarters in San Diego, California, the company showcases a dedicated team of experts focused on advancing clinical-stage therapies aimed at some of the most challenging oncological conditions.

For more information about their advancements and corporate mission, interested parties can explore the company’s official website.

Frequently Asked Questions

What is the purpose of Calidi's recent public offering?

The offering aims to raise approximately $4.25 million in funds primarily for working capital and general corporate purposes.

Who is managing Calidi's public offering?

Ladenburg Thalmann & Co. Inc. is the exclusive placement agent for this public offering.

What innovative technology does Calidi Biotherapeutics use?

Calidi utilizes proprietary allogeneic stem cells to deliver oncolytic viruses, enhancing the immune system's ability to fight cancer.

How does Calidi's approach potentially benefit cancer treatment?

The company's methods are designed to improve therapeutic efficacy and safety, with the potential to prevent metastatic disease.

Where is Calidi Biotherapeutics located?

Calidi Biotherapeutics is headquartered in San Diego, California, focusing on critical breakthroughs in immuno-oncology.

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