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Cyclacel Pharmaceuticals

0.3498

-0.0157-4.30%

Post-market: 0.3400-0.0098-2.80%19:59 EDT

Volume:757.52K

Turnover:267.29K

Market Cap:8.31M

PE:-0.01

High:0.3699

Open:0.3550

Low:0.3353

Close:0.3655

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Cyclacel Pharmaceuticals Secures $3 Million Through Preferred Stock Agreement with Investors

Cyclacel Pharmaceuticals Announces $3 Million Private Placement Offering of Convertible Preferred Stock

THOMSON REUTERS

Press Release: Cyclacel Pharmaceuticals Announces $3 Million Private Placement Offering of Convertible Preferred Stock

Cyclacel Pharmaceuticals Inc. Declares Quarterly Cash Dividend of $0.15 Per Share on Preferred Stock

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This decision involves 12,164,301 shares of common stock, representing approximately 51.2% of the total voting power. The action, taken on June 18, 2025, allows the company to proceed with certain corporate matters without the need for a special meeting of stockholders. Cyclacel Pharmaceuticals continues its commitment to advancing its corporate objectives with this strategic move.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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In connection with the offering, Cyclacel issued to each investor, a series A common stock purchase warrant to purchase 3,270,000 shares of the Company's common stock, par value $0.001 per share  at an exercise price of $0.51 per share, series B common stock purchase warrant to purchase 3,270,000 shares of Common Stock at an exercise price of $0.60 per share and series C common stock purchase warrant to purchase 3,270,000 shares of Common Stock at an exercise price of $0.68 per share . The Warrants expire five years from the date of issuance. 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