Cleveland BioLabs (CBLI) Slammed on Equity Placement News

June 17, 2011 9:24 AM EDT
Cleveland BioLabs, Inc. (Nasdaq: CBLI), is getting slammed following the announcement of a $23.5 million capital raise through a series of private placements, which will total about 8.81 million common shares.

The stock is down 12.4 percent ahead of the bell.

Click here for more color on the offering.


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