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InvestorNewsBreaks – Creative Medical Technology (NASDAQ: CELZ) Expects $17 Million Gross Proceeds from Private Placement

Creative Medical Technology Holdings (NASDAQ: CELZ), a leading commercial stage biotechnology company focused on a regenerative approach to immunotherapy, urology, neurology, and orthopedics, has entered into a securities purchase agreement. The agreement with several institutional investors to purchase more than 7.5 million shares of common stock or common stock equivalents in a private placement. The shares will be priced at market value. In addition, Creative Medical Technology will issue unregistered warrants to the investors, enabling them to purchase up to 15,111,112 shares of common stock. According to the agreement, those shares will be offered at $2.25 per share. The announcement noted that the warrants, which will expire five years after being issued, have an exercise price of $2 per share and are immediately exercisable. The company anticipates gross proceeds from the private placement to be approximately $17 million. According to the announcement, Roth Capital Partners acted as the sole placement agent for the offering, which closed on May 3, 2022.

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About Creative Medical Technology Holdings Inc.

Creative Medical Technology Holdings is a commercial-stage biotechnology company specializing in stem cell technology in the fields of immunotherapy, urology, neurology and orthopedics.

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