$CLSN,Celsion's stock rockets after withdrawing st
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Posted On: 06/18/2017 9:31:53 AM
$CLSN,Celsion's stock rockets after withdrawing stock offering
Published: June 16, 2017 7:04 a.m. ET
By
Tomi
Kilgore
Reporter and editor
Shares of Celsion Corp. CLSN, +56.10% rocketed 42% in premarket trade Friday, after the cancer drug development company filed to withdraw plans for a stock offering. The company had originally filed on April 5 an S-1 statement with the Securities and Exchange Commission for the sale of shares, which was amended as recently as Wednesday for the sale of 2.45 million common shares and pre-funded and base warrants to buy over 4 million shares. In Friday's filing, the company stated that it submitted the withdrawal "because it does not intend to pursue the contemplated offering at this time." Earlier this week, the company said it had regained the minimum-bid compliance for the continued listing of its stock on the Nasdaq. That followed a 1-for-14 reverse stock split on May 30. The stock has plunged 52% year to date through Thursday, while the iShares Nasdaq Biotechnology ETF IBB, -0.36% has climbed 11% and the S&P 500 SPX, +0.03% has gained 8.7%.
Published: June 16, 2017 7:04 a.m. ET
By
Tomi
Kilgore
Reporter and editor
Shares of Celsion Corp. CLSN, +56.10% rocketed 42% in premarket trade Friday, after the cancer drug development company filed to withdraw plans for a stock offering. The company had originally filed on April 5 an S-1 statement with the Securities and Exchange Commission for the sale of shares, which was amended as recently as Wednesday for the sale of 2.45 million common shares and pre-funded and base warrants to buy over 4 million shares. In Friday's filing, the company stated that it submitted the withdrawal "because it does not intend to pursue the contemplated offering at this time." Earlier this week, the company said it had regained the minimum-bid compliance for the continued listing of its stock on the Nasdaq. That followed a 1-for-14 reverse stock split on May 30. The stock has plunged 52% year to date through Thursday, while the iShares Nasdaq Biotechnology ETF IBB, -0.36% has climbed 11% and the S&P 500 SPX, +0.03% has gained 8.7%.
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NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'